Proceeds used to advance company's exploration activities in Manitoba
By Devika Patel
Knoxville, Tenn., June 12 - Callinex Mines Inc. said it will conduct a C$1.2 million private placement of units.
The company will sell 8 million units of one flow-through common share and one warrant at C$0.15 per unit. Each two-year warrant will be exercisable at C$0.20, a 42.86% premium to the June 11 closing share price of C$0.14.
Proceeds will be used to advance the company's exploration activities in Manitoba.
Callinex is a base metals exploration company based in Vancouver, B.C.
Issuer: | Callinex Mines Inc.
|
Issue: | Units of one flow-through common share and one warrant
|
Amount: | C$1.2 million
|
Units: | 8 million
|
Price: | C$0.15
|
Warrants: | One warrant per unit
|
Warrant expiration: | Two years
|
Warrant strike price: | C$0.20
|
Pricing date: | June 12
|
Stock symbol: | TSX Venture: CNX
|
Stock price: | C$0.14 at close June 11
|
Market capitalization: | C$2.64 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.