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Cantex Mine Development Corp V.CD

Alternate Symbol(s):  CTXDF

Cantex Mine Development Corp. is a Canada-based exploration stage company. The Company's principal business activity is the acquisition and exploration of mineral properties for commercial mineral deposits. The Company’s primary project is located approximately 100 kilometers northeast of Mayo, Yukon Territory, Canada. The Company has approximately 1,075 claims covering over 21,500 hectares in the Yukon. The Company has a 100% interest in four groups of gold exploration claims comprising of approximately 86 claims. The Company has two projects in Yemen: Al Hariqah (Gold) and Al Masna (Nickel, Copper, Cobalt). The Company owns 60% interest in the Al Hariqah (Gold) project. The Al Hariqah is a gold deposit is located approximately 130 kilometers (km) northwest of Sana'a Yemen. The Al Masna'a nickel, copper, cobalt project is located in the Saadah region approximately 205 km north-northwest of the capital city, Sana'a, and 25 km south of the border with Saudi Arabia.


TSXV:CD - Post by User

Post by piper10on Jul 27, 2020 9:12am
208 Views
Post# 31322955

More Chuck buying - you could see this coming...

More Chuck buying - you could see this coming...

KELOWNA, BC, July 27, 2020 /CNW/ - Cantex Mine Development Corp. (TSXV: CD) (the "Company") announces that it will undertake a non-brokered private placement to raise gross proceeds of up to $5,000,000 (the "Offering").

The Offering will consist of a combination of flow through shares and charity flow through shares. The flow through shares are priced at $1.70 and the charity flow through shares are priced at $1.90

The Company may pay finder's fees in connection with the Offering in accordance with the policies of the TSX Venture Exchange. Proceeds from the Offering will be used to fund upcoming drill programs on the Company's Rackla project in the Yukon.


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