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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 Matteo1234on May 03, 2023 5:28am
155 Views
Post# 35426752

labs are backed up

labs are backed upPappy. Good news raise to drill. KELOWNA, BCApril 28, 2023 /CNW/ - Cantex Mine Development Corp. (TSXV: CD) (the "Company") announces that, further to its news release of April 17, 2023 announcing a private placement (the "Offering"), the Company has closed the first tranche of the Offering ("the Tranche") and has received $1,268,500 by the issuance of 1,601,351 flow through units (the "FT Units") and 2,112,500 non flow-through units (the "Units"). FT Units were issued at $0.37 per FT Unit and Units were issued at $0.32 per Unit; each FT Unit is comprised of a flow through share and one-half of a non-flow through warrant and each Unit is comprised of one non-flow through share and one-half of a warrant. Each whole warrant entitles the holder to acquire one common share of the Company at a price of $0.45 for a term of two years from closing.
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