CANEX Increases Equity Financing
CANEX Metals has increased its non-brokered private placement due to strong shareholder demand. The company will now offer up to 3,000,000 common shares at $0.045 each and up to 5,250,000 flow-through common shares at $0.06 each, for gross proceeds of up to $450,000.
Proceeds from the flow-through shares will be used for exploration at the Louise Property before December 2025, qualifying as 'critical mineral flow through mining expenditures' under the Income Tax Act. Non-flow through proceeds will advance the Gold Range Project and provide working capital.
The private placement is open to accredited investors, with a four-month plus one day hold period on securities issued. The financing is subject to TSX Venture Exchange and regulatory approval. No commissions will be paid to agents on this financing.
CANEX Metals ha aumentato il suo collocamento privato non mediato grazie alla forte domanda degli azionisti. L'azienda offrirà ora fino a 3.000.000 di azioni comuni a $0,045 ciascuna e fino a 5.250.000 di azioni comuni a flusso a $0,06 ciascuna, per proventi lordi fino a $450.000.
I proventi dalle azioni a flusso saranno utilizzati per l'esplorazione al Louise Property entro dicembre 2025, qualificandosi come 'spese minerarie a flusso di minerali critici' ai sensi dell'Income Tax Act. I proventi non a flusso finanzieranno il Gold Range Project e forniranno capitale circolante.
Il collocamento privato è aperto a investitori accreditati, con un periodo di blocco di quattro mesi più un giorno sui titoli emessi. Il finanziamento è soggetto all'approvazione di TSX Venture Exchange e alle normative. Non verranno pagate commissioni agli agenti per questo finanziamento.
CANEX Metals ha aumentado su colocación privada no mediada debido a la fuerte demanda de los accionistas. La compañía ahora ofrecerá hasta 3,000,000 de acciones ordinarias a $0.045 cada una y hasta 5,250,000 de acciones ordinarias de flujo a $0.06 cada una, por ingresos brutos de hasta $450,000.
Los ingresos de las acciones de flujo se utilizarán para exploración en la propiedad Louise antes de diciembre de 2025, calificando como 'gastos mineros de flujo de minerales críticos' según la Ley del Impuesto sobre la Renta. Los ingresos no de flujo se destinarán a avanzar en el Gold Range Project y proporcionar capital de trabajo.
La colocación privada está abierta a inversores acreditados, con un período de bloqueo de cuatro meses más un día sobre los valores emitidos. El financiamiento está sujeto a la aprobación de TSX Venture Exchange y a la regulación. No se pagarán comisiones a los agentes por este financiamiento.
CANEX Metals는 강력한 주주 수요로 인해 비중개 사모 배치를 늘렸습니다. 회사는 이제 3,000,000주의 보통주를 주당 $0.045에, 5,250,000주의 유동형 보통주를 주당 $0.06에 제공하며, 총 수익은 최대 $450,000입니다.
유동형 주식에서 발생하는 수익은 루이즈 부동산 탐사에 사용될 것이며, 2025년 12월 이전에 '비판적 광물 유동 채굴 비용'으로 소득세 법에 따라 자격을 갖출 것입니다. 비유동형 수익은 골드 레인지 프로젝트를 추진하고 운영 자금을 제공할 것입니다.
사모 배치는 인증된 투자자에게 개방되며, 발행된 증권에 대해 4개월과 하루의 보유 기간이 있습니다. 자금은 TSX 벤처 거래소와 규제 승인을 받아야 합니다. 이번 자금 조달에 대해 중개인에게 커미션이 지급되지 않습니다.
CANEX Metals a augmenté sa placement privé non médié en raison d'une forte demande des actionnaires. La société proposera désormais jusqu'à 3 000 000 d'actions ordinaires à $0,045 chacune et jusqu'à 5 250 000 d'actions ordinaires à flux à $0,06 chacune, pour des produits bruts allant jusqu'à $450 000.
Les produits des actions à flux seront utilisés pour l'exploration de la propriété Louise avant décembre 2025, se qualifiant comme 'dépenses minières de flux de minéraux critiques' selon la Loi sur l'impôt sur le revenu. Les produits non à flux financera le Gold Range Project et fournira du capital de travail.
Le placement privé est ouvert aux investisseurs accrédités, avec une période de blocage de quatre mois plus un jour sur les titres émis. Le financement est soumis à l'approbation de la TSX Venture Exchange et aux réglementations. Aucune commission ne sera versée aux agents pour ce financement.
CANEX Metals hat aufgrund der starken Nachfrage der Aktionäre seine nicht vermittelte Privatplatzierung erhöht. Das Unternehmen wird nun bis zu 3.000.000 Stammaktien zu je $0,045 und bis zu 5.250.000 Durchfluss-Stammaktien zu je $0,06 anbieten, mit einem Bruttoertrag von bis zu $450.000.
Die Erlöse aus den Durchflussscheinen werden für die Erforschung des Louise Property bis Dezember 2025 verwendet, wobei sie unter dem Einkommensteuergesetz als 'kritische Rohstoff-Durchflussbergbauausgaben' qualifizieren. Die Erlöse aus den Nicht-Durchflussscheinen werden das Gold Range Project vorantreiben und Betriebskapital bereitstellen.
Die Privatplatzierung steht akkreditierten Investoren offen, mit einer Haltedauer von vier Monaten plus einem Tag für die emittierten Wertpapiere. Die Finanzierung unterliegt der Genehmigung der TSX Venture Exchange und der Vorschriften. Es werden keine Provisionen an Agenten für diese Finanzierung gezahlt.
- Increased private placement due to strong shareholder demand
- Potential to raise up to $450,000 in gross proceeds
- Funds allocated for exploration at Louise Property and Gold Range Project
- Qualifies for tax benefits as 'critical mineral flow through mining expenditures'
- Potential dilution of existing shareholders due to new share issuance
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
CALGARY, AB / ACCESSWIRE / October 21, 2024 / CANEX Metals Inc. ("CANEX" or the "Company") is pleased to announce that due to strong shareholder demand the Company has increased its previously announced non-brokered private placement and will now offer up to 3,000,000 common shares ("Common Shares") and up to 5,250,000 flow-through common shares ("FT Shares") for gross proceeds of up to
Proceeds from the FT Shares will be used before December 2025 for general exploration expenditures at the Louise Property which will constitute Canadian exploration expenses within the meaning of subsection 66.1(6) of the Income Tax Act (Canada) (the "Tax Act"), that will qualify as "critical mineral flow through mining expenditures" within the meaning of the Tax Act. Proceeds from non-flow through Common Shares will be used to advance the Company's Gold Range Project and for general working capital.
The shares will be offered on a non-brokered basis by way of private placement to accredited investors and any securities issued will be subject to a hold period of four months plus one day from the date of closing. This financing is subject to TSX Venture Exchange and regulatory approval. The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the subject matter of the Private Placement does not exceed
About CANEX Metals
CANEX Metals (TSX.V:CANX) is a Canadian junior exploration company focused on advancing it's
Dr. Shane Ebert P.Geo., is the Qualified Person for CANEX Metals and has approved the technical disclosure contained in this news release.
"Shane Ebert"
Shane Ebert
President/Director
For Further Information Contact:
Shane Ebert at 1.250.964.2699 or
Jean Pierre Jutras at 1.403.233.2636
Web: http://www.canexmetals.ca
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.
Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates" and similar expressions, are forward-looking information that represents management of CANEX Metals Inc. internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of CANEX. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause CANEX's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in CANEX's filings with the Canadian securities authorities. Accordingly, holders of CANEX shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. CANEX disclaims any responsibility to update these forward-looking statements.
SOURCE: CANEX Metals Inc.
View the original press release on accesswire.com
FAQ
What is the new size of CANEX Metals' (NOMNF) private placement offering?
What are the prices for CANEX Metals' (NOMNF) common and flow-through shares in the October 2024 offering?
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When does CANEX Metals (NOMNF) plan to use the flow-through share proceeds for exploration?
