VANCOUVER, June 8, 2017 /CNW/ - Callinex Mines Inc.
(the "Company" or "Callinex") (TSX-V: CNX; OTCQX: CLLXF) is pleased
to announce that it has entered into a financial advisory services
agreement (the "Financial Advisory Agreement") with Clarion
Consulting Sarl. Under the terms of the Financial Advisory
Agreement, Callinex has agreed to pay a monthly consulting fee of
USD $10,000 per month.
Clarion will assist Callinex in forming productive relationships
with private investors, analysts, investment funds, brokers and
other financial institutions and interested parties. Carlo
Civelli, who controls Clarion, owns, directly and indirectly,
4,750,000 common shares of Callinex. Nico Civelli, a member of Callinex's board of
directors, is the son of Carlo
Civelli.
Max Porterfield, President and
CEO, stated, "We are looking forward to working with Mr. Civelli in
an increased capacity from his current role as Chairman of the
Advisory Board. Mr. Civelli is a supportive long-term shareholder
of Callinex with a strong network of European investors within the
natural resource sector."
Clarion is based in Monaco and
provides financial advisory and consulting services.
The Financial Advisory Agreement, which is subject to the
approval of the TSX Venture Exchange, is for a period of 3
months. Callinex may terminate the Financial Advisory
Agreement on providing 10 days written notice to the other
party.
About Callinex Mines Inc.
Callinex Mines Inc. is focused on discovering and developing
zinc and copper rich mines within prolific Canadian VMS mining
jurisdictions. The Company is actively exploring its Pine Bay
Project, located in the Flin Flon
mining district of Manitoba, which
hosts significant historic VMS deposits that are within close
proximity to a processing facility. The larger project portfolio
hosts three significant zinc rich mineral resources including the
Point Leamington, Nash Creek and Superjack Projects located in
Eastern Canada.
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, the ability to complete contemplated work programs and the
timing and amount of expenditures. Callinex does not assume the
obligation to update any forward-looking statement.
SOURCE Callinex Mines Inc.