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.

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Cantex Mine Development Corp

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Post by Canbeaon Sep 20, 2023 5:09pm

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Post# 35646207

What's up

This deal with Crescat looks to be nice.
But I was hoping it would be like this deal that American Eagle just completed with Teck.
Maybe next time?

Following the issuance of the Charity FT Shares, Teck acquired the 5,940,000 common shares of American Eagle ("Common Shares")‎ for an aggregate purchase price of $1.66 million, or $0.28 per Common Share. Upon closing of the Offering, Teck now holds a total of 20,340,000 common shares of American Eagle, or approximately 19.9% of American Eagle's issued and outstanding common shares on a non-diluted basis.

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