Cantex Mine Development Corp. announced a non-brokered private placement financing of up to $1.5 million to fund exploration expenditures on its North Rackla project in the Yukon.
Cantex Mine Development Corp. announced a non-brokered private placement financing of up to $1.5 million. The Company will issue up to 15 million common shares at a price of $0.10 per share. The securities issued in the Offering are subject to a four month hold period, expiring on. The Company will also be issuing 200,000 finders warrants; each whole warrant entitles the holder to acquire one common share of the Company at a price of.
Proceeds from the Offering will be used to fund qualified critical mineral exploration expenditures on the Company's North Rackla project in the Yukon. The Offering remains subject to the acceptance of the TSX Venture Exchange. Cantex is focused on its 100% owned 20,000 hectare North Rackla Project located 150 kilometers northeast of the town of Mayo in the Yukon, where high-grade massive sulphide mineralization has been discovered. Over 60,000 meters of drilling has defined high grade silver-lead-zinc-germanium mineralization over 2.3 kilometers of strike length and 700 meters depth. The mineralization remains open along strike and to depth. The Company is led by Dr. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
Mining Exploration Yukon North Rackla Project Private Placement
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