BULLETIN V2024-0163
CANTEX MINE DEVELOPMENT CORP. ("CD")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 16, 2024
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on December 5, 2023:
Number of Shares: 8,599,966 Flow-Through (FT) shares
1,616,154 Non-Flow-Through (NFT) shares
Purchase Price: $0.30 per FT share
$0.26 per NFT share
Warrants: 5,108,063 share purchase warrants to purchase 5,108,063 shares
Warrant Exercise Price: $0.39 for a two-year period
Number of Placees: 14 placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: 1 76,923 NFT shares
Aggregate Pro Group Involvement: N/A N/A
Aggregate Cash Amount Aggregate #
of Shares Aggregate #
of Warrants
Finder's Fee: $65,100 430,766 NFT shares 863,419
Finder's Warrants Terms: Each non-transferable warrant entitles the holder to purchase one common share at the price of $0.39 for period of 2 years from the date of issuance.
The Company issued news releases on December 7, 2023, December 18, 2023, December 29, 2023, and January 16, 2024, confirming closing of the private placement. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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