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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

Comment by Stevesackon Mar 31, 2022 12:10pm
147 Views
Post# 34563310

RE:10 Million in 5 Months

RE:10 Million in 5 MonthsNot to bore you people with useless, annoying and totally irrelevant comments like kcuhc continually posts to this board. I don't like to see endless issues of shares in a company either but in this case the dilution is very well structured, Chuck Fipke always participates in a majority if not all of the private placements. I have participated in a couple ( I hold over a million shares), I am sure a major is going to take 10 million or so shares in this PP, Chad Ulanski is a large shareholder. These people are not going to sell their positions for a 5 cent gain, so the actual float is reasonably small. All the previous PP's were done at much higher levels and I am sure no one is going to sell at a loss
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