Carmax Mining Corp (CXM.V)
Latest Key Developments (Source: Significant Developments)
Carmax Mining Corp:Has arranged a $1,500,000 flow-through financing with Northern Fox Copper Inc.Offering will consist of the placement of 30,000,000 flow-through common shares at a price of $0.05 per common share.Proceeds of the Offering will be used by Carmax to fund its anticipated expenses to be incurred in its 2016 exploration program on the Eaglehead Property. Full Article
Carmax Mining Corp:Says that it has agreed to take up 100 pct. of a $550,000 private placement in the equity of Carmax.The private placement consists of 11,000,000 Units at a cost of $0.05 per Unit.The Units were subscribed for at a price of $0.05 per Unit and consisted of one previously unissued common share and one common share purchase warrant of Carmax.Each Warrant is exercisable for a period of 24 months from the closing date of the private placement and entitles the holder, on exercise, to purchase one additional common share of Carmax at a price of $0.075 per share. Full Article
* "Until petition is heard, Carmax's title to eaglehead property could be in doubt"