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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 carter2on Dec 31, 2010 12:21am
420 Views
Post# 17909726

No Consolidation, not going to happen

No Consolidation, not going to happenThe reason why the company had the option to do up to a 15-1 consolidation was only to have the ability to do so on the request of a JV partner, in order to make a deal. Chuck told me that to my face.  We have already made the deals with 2 JV partners and a rollback is not going to happen.  There is absolutely no reason to roll back we have JV partners that are now paying all the bills from here on in. That was also told to me by Chad.  So please get off the consolidation topic it's not going to happen.  Best to top up your shares at the ask price while it's still a penny stock. GLTA .
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