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Cantex Mine Development Corp V.CD

Alternate Symbol(s):  CTXDF

Metals & Mining Industrial Metals & Minerals
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

Cantex Mine Development Corp > That might be the reason?!!!
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Comment by harmony3on Jun 19, 2023 2:56pm
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Post# 35503812

RE:That might be the reason?!!!

RE:That might be the reason?!!!This is from the news release - Apr 29/23

0974052 B.C. Ltd., a company over which Dr. Charles Fipke, the chairman and a control person of the company, exercises control and direction, subscribed for 1,562,000 units and 1,351,351 FT units for a total subscription price of $1-million. Vernon Frolick, a director of the company, subscribed for 31,250 units for a total subscription price of $10,000. Both B.C. Ltd. and Mr. Frolick acquired the units and FT units for investment purposes. 
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