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Provider: Reuters Investment Profile

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Callinex Mines Inc Closes Private Placement To Raise $1,356,000

Thursday, 25 Jul 2013 06:12pm EDT 

Callinex Mines Inc announced that it has closed its non-brokered private placement to raise proceeds of $1,356,000 by the issuance of 9,040,000 units at a price of $0.15 per Unit. Each Unit consists of one flow-through common share and one share purchase warrant. Each Warrant entitles the holder to purchase one non flow-through common share of the Company at the price of $0.20 per share until July 25, 2015. All Shares, Warrants and any shares issued on exercise of the Warrants are subject to a four-month hold period and may not be traded in Canadauntil November 26, 2013, except as permitted by applicable Canadian securities laws and the TSX Venture Exchange. In connection with the private placement, Callinex paid finders' fees in the amount of $76,650 in cash. Callinex is using the proceeds of the private placement to advance its exploration activities in Manitoba. 

Company Quote

0.02 +7.41%
28 Aug 2014