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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 drew17on Jul 22, 2004 8:44pm
324 Views
Post# 7737334

Email to TSX-V on 43-101's.

Email to TSX-V on 43-101's.I sent the below email today to the TSX-V Exchange. If anyone out there knows any of the answers, feel free to respond. (Some of it is a repeat, IE: the NR's) Good day, I am not really sure who I should actually direct this email to so perhaps you may point me in the right direction. This is not a complaint in anyway but I wish to ask a few questions so that it will clear up an area of concern. I have included 3 notices/NR from the company (see below) which were released last Friday, 16 July which I believe the TSXV Exchange approved. I have the following questions regarding the availability of approved 43-101's on SEDAR for the subject company if any exist. 1. Were the 43-101's for the Yemen and Nevada properties approved by the TSXV as of yet? 2. If not, Do the 43-101's have anything to do with the recent TSXV approval for any of three NR's below? 3. Who is responsible to file approved 43-101's on SEDAR? Is it the company (Cantex) or is it the TSXV? I Thank you very much for any information which you may provide in this matter. The reason I am asking these questions is because I have been told that these reports have been at the Exchange for quite some time now and I would have thought that in order to close the JV transaction, the financing and debt financing that these reports may of had to been approved first. Note: I am a shareholder for the above company. Signed- (Personal details removed) Cantex receives approval for debt settlement, financing 2004-07-16 16:42 ET - News Release Ms. Kathrine MacDonald reports CANTEX ANNOUNCES FINAL EXCHANGE ACCEPTANCE TO DEBT SETTLEMENT Further to Cantex Mine Development Corp.'s news release in Stockwatch of Dec. 22, 2003, it has received final exchange acceptance to: (i) settle $1,253,361 of debt by the issuance of 25,067,140 shares of its common stock at a deemed price per share of five cents; (ii) acquire certain mineral properties located in Nevada, United States, from Sovereign Gold Corp. in exchange for three million common shares at a deemed price of five cents per share and $125,000 (U.S.) in cash; and (iii) a private placement of 60 million common shares at a price of five cents per share for total proceeds of $3-million. The shares issued have a four-month hold period expiring Oct. 16, 2004. The funds raised will be used to drill the company's nickel and gold projects in Yemen and Nevada, and for working capital. Cantex sells 60 million shares at a 'nick' 2004-07-16 16:35 ET - Private Placement The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Dec. 22, 2003. Shares: 60 million Price: five cents per share Placees: 106 Insiders: Charles Fipke one million; Chad Ulansky 200,000 Pro groups: Peter Chu 200,000; Kent Coulter 100,000; David Elliot 500,000; Pierre Gloutney 200,000; Deborah Goldbloom 60,000; Peter Grosskopf 500,000; Nancy Lee Girling 200,000; Haywood Securities Inc. 125,000; John O'Sullivan 600,000; Keith Peck 500,000; Mathew Quinlan 1.3 million; Lance Risby 150,000; Salman Partners Inc. 500,000; David Shepherd 1.04 million; Randal Van Eijnsbergen 100,000; John Watts 400,000; Mark Wisniewski 600,000 Finders' fees: 851,830 common shares payable to MBR International Finance Corp.; 566,020 common shares payable to 906608 Alberta Inc.; 35,000 common shares payable to Canaccord Capital Corp. Cantex Mine acquiring Nevada ground 2004-07-16 16:29 ET - Property Agreement The TSX Venture Exchange has accepted for filing documentation with respect to an arm's-length acquisition of certain mineral properties located in Nevada from Sovereign Gold Corp., in exchange for three million common shares at a deemed price of five cents per share and $125,000 (U.S.) cash.
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