Callinex Mines Closes Oversubscribed $2.1 million Private Placement Financing
Callinex Mines (TSXV: CNX) (OTCQX: CLLXF) has closed an oversubscribed private placement financing of $2,094,409, exceeding the original target by $594,409. The financing includes:
1) 753,412 hard dollar units at $1.25 per unit, raising $941,765
2) 543,700 Manitoba flow-through units at $2.12 per unit, raising $1,152,644
Each unit includes one common share and half a warrant, exercisable at $2.00 for two years. The flow-through funds will be used for Canadian exploration expenses at the Pine Bay Project, Manitoba. Hard dollar proceeds will support working capital and general corporate purposes. An insider participated, subscribing for 20,000 hard dollar units.
Callinex Mines (TSXV: CNX) (OTCQX: CLLXF) ha concluso un finanziamento di posizionamento privato sovrascritto di $2,094,409, superando l'obiettivo iniziale di $594,409. Il finanziamento comprende:
1) 753,412 unità in dollari duri a $1,25 per unità, raccogliendo $941,765
2) 543,700 unità flow-through del Manitoba a $2,12 per unità, raccogliendo $1,152,644
Ciascuna unità include una azione comune e metà di un warrant, esercitabile a $2,00 per due anni. I fondi flow-through saranno utilizzati per le spese di esplorazione canadese nel Progetto Pine Bay, Manitoba. I proventi in dollari duri sosterranno il capitale circolante e scopi aziendali generali. Un insider ha partecipato, sottoscrivendo 20,000 unità in dollari duri.
Callinex Mines (TSXV: CNX) (OTCQX: CLLXF) ha cerrado un financiamiento de colocación privada sobre suscripción de $2,094,409, superando el objetivo original por $594,409. El financiamiento incluye:
1) 753,412 unidades en dólares duros a $1.25 por unidad, recaudando $941,765
2) 543,700 unidades flow-through de Manitoba a $2.12 por unidad, recaudando $1,152,644
Cada unidad incluye una acción común y medio warrant, ejercitable a $2.00 por dos años. Los fondos flow-through se usarán para gastos de exploración en Canadá en el Proyecto Pine Bay, Manitoba. Los ingresos en dólares duros apoyarán el capital de trabajo y propósitos corporativos generales. Un insider participó, suscribiendo 20,000 unidades en dólares duros.
Callinex Mines (TSXV: CNX) (OTCQX: CLLXF)는 약정된 사모 펀딩을 통해 $2,094,409를 마감하였으며, 원래 목표를 $594,409 초과하였습니다. 자금 조달은 다음을 포함합니다:
1) 753,412개의 하드 달러 단위를 $1.25에 판매하여 $941,765를 조달함
2) 543,700개의 매니토바 플로우스루 단위를 $2.12에 판매하여 $1,152,644를 조달함
각 단위에는 하나의 일반 주식과 반 개의 보증서가 포함되어 있으며, 보증서는 2년 동안 $2.00에 행사할 수 있습니다. 플로우스루 자금은 매니토바의 파인 베이 프로젝트에 대한 캐나다 탐사 비용에 사용될 예정입니다. 하드 달러 수익은 운영 자본 및 일반 기업 목적을 지원할 것입니다. 한 내부자가 참여하여 20,000개의 하드 달러 단위를 구독하였습니다.
Callinex Mines (TSXV: CNX) (OTCQX: CLLXF) a fermé un placement privé sursouscrit d'un montant de 2 094 409 $, dépassant l'objectif initial de 594 409 $. Le financement comprend :
1) 753 412 unités en dollars durs à 1,25 $ l'unité, pour un total de 941 765 $
2) 543 700 unités flow-through du Manitoba à 2,12 $ l'unité, pour un total de 1 152 644 $
Chaque unité comprend une action ordinaire et une demi-option, exerçable à 2,00 $ pendant deux ans. Les fonds flow-through seront utilisés pour les dépenses d'exploration canadiennes dans le projet Pine Bay, Manitoba. Les revenus en dollars durs soutiendront le fonds de roulement et les objectifs d'entreprise généraux. Un insider a participé, souscrivant 20 000 unités en dollars durs.
Callinex Mines (TSXV: CNX) (OTCQX: CLLXF) hat eine überzeichnete privatplatzierte Finanzierung in Höhe von 2.094.409 $ abgeschlossen, das ursprüngliche Ziel um 594.409 $ übersteigend. Die Finanzierung umfasst:
1) 753.412 harte Dollar-Einheiten zu 1,25 $ pro Einheit, was 941.765 $ einbringt
2) 543.700 Manitoba Flow-Through-Einheiten zu 2,12 $ pro Einheit, was 1.152.644 $ einbringt
Jede Einheit umfasst eine Stammaktie und ein halbes Warrant, das für zwei Jahre zu 2,00 $ ausübbar ist. Die Flow-Through-Fonds werden für kanadische Explorationsausgaben im Pine Bay Projekt, Manitoba verwendet. Die Einnahmen in harten Dollar unterstützen das Betriebskapital und allgemeine Unternehmenszwecke. Ein Insider nahm teil und zeichnete 20.000 harte Dollar-Einheiten.
- Oversubscribed financing, raising $594,409 more than initially planned
- Total raised: $2,094,409, combining hard dollar and flow-through units
- Insider participation, indicating management confidence
- Potential dilution for existing shareholders due to new share issuance
The Financing consists of (i) 753,412 hard dollar units (the "HD Units") at a price of
Each HD Unit consists of one common share and one-half of one transferable common share purchase warrant (each whole such common share purchase warrant, a "Warrant"). Each FT Unit consists of one flow-through common share and one-half of one transferrable Warrant to be issued on a non-flow-through basis. Each Warrant is exercisable into one additional common share (a "Warrant Share") for two (2) years from closing at an exercise price of
The securities issued will be subject to restrictions on resale for a period of four months and day from the date of issue. In connection with the Financing, the Company paid a finders' fee of
Michael Louie, an insider of the Company, has subscribed for 20,000 HD Units for gross proceeds of
The gross proceeds from the sale of FT Units will be used by the Company to incur eligible "Canadian exploration expenses" that will qualify as "flow-through mining expenditures" as such terms are defined in the Income Tax Act (
In addition, further to the Company's news release dated May 28, 2024, the Company confirms that it entered into an investor relations agreement with Joseph Gray. Mr. Gray's term is for a period of three months and, if not terminated, will be automatically renewed on a month-to-month basis. Additional details on the engagement are set forth in the news release dated May 28, 2024.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in
About Callinex Mines Inc.
Callinex Mines Inc. (TSXV: CNX) (OTCQX: CLLXF) is advancing its portfolio of base and precious metals rich deposits located in established Canadian mining jurisdictions. The focus of the portfolio is highlighted by the rapidly expanding Rainbow deposit at its rich VMS Pine Bay Project located near existing infrastructure in the Flin Flon Mining District. Callinex prepared an indicated mineral resource on the Rainbow deposit of 3.44 Mt grading
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, completing the private placement financing, the ability to complete the proposed drill program and the timing and amount of expenditures. Except as required under applicable securities laws, Callinex does not assume the obligation to update any forward-looking statement.
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SOURCE Callinex Mines Inc.
FAQ
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