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Cantex Mine Development Corp V.CD

Alternate Symbol(s):  CTXDF

Cantex Mine Development Corp. is an exploration stage company. Its principal business activity is the exploration and development of mineral properties for commercial mineral deposits, and it is considered to be at the exploration stage. It is focused on its 100% owned 20,000-hectare (ha) North Rackla Project located about 150 kilometers (km) northeast of the town of Mayo in the Yukon Territory, Canada where high-grade massive sulphide mineralization has been discovered. Over 60,000 meters of drilling has defined high grade silver-lead-zinc-germanium mineralization over 2.3 km of strike length and 700 meters depth. It has a 100% interest in four mineral properties in Nevada. It has two projects in Yemen: Al Hariqah (Gold) and Al Masna (Nickel, Copper, Cobalt). The Al Hariqah is a near-surface gold deposit located about 130 km northwest of Sana’a, Yemen. The Al Masna’a nickel, copper, cobalt project is located in the Saadah region some 205 km north-northwest of the capital city, Sana’a.


TSXV:CD - Post by User

Post by thebakeron Jan 30, 2000 12:40pm
263 Views
Post# 1296807

RE: Financing

RE: FinancingIt appears from recent posts that the financing is a done deal. I think it is a good sign that the directors have confidence in where CD is heading (prior knowledge?) but I think it is too bad that greed has won out over the rights of the shareholders. The directors have present warrants that would provide them with large sums and the opportunity to share with the rest of us in future offers. I only have a small holding in CD, which is all I could manage, but I would have liked the opportunity to have to find extra money to put into a sure thing, if this is the case.
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