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Cantex Mine Development Corp (3)
Symbol CD
Shares Issued 90,368,412
Close 2023-11-27 C$ 0.265
Market Cap C$ 23,947,629
Recent Sedar Documents

Cantex Mine 5,176,923-share private placement

2023-11-28 16:06 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Sept. 20, 2023.

Number of shares:  5,176,923 shares

Purchase price:  26 cents per share

Warrants:   2,588,464 share purchase warrants to purchase 2,588,464 shares

Warrant exercise price:  39 cents for a two-year period

Number of shares:   8,258,284 flow-through shares

Purchase price:  30 cents per share

Warrants:  4,129,143 share purchase warrants to purchase 4,129,143 shares

Warrant exercise price:  39 cents for a two-year period

Number of placees:  29 placees

Aggregate existing insider involvement:  one insider, 200,000 shares

Aggregate pro group involvement:  one group, 80,000 shares

Finder's fee:  $54,534.55, 592,308 shares, 1,068,832 warrants

Finder's warrants terms:  Each warrant entitles the holder to purchase one common share at the price of 39 cents for a period of two years from the date of issuance.

The company issued a news release on Oct. 19, 2023, and Nov. 22, 2023, confirming closing of the private placement.

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