Callinex Announces Private Placement to Raise up to $550,000

Callinex Announces Private Placement to Raise up to $550,000

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Canada NewsWire

VANCOUVER, Sept. 4, 2013

VANCOUVER, Sept. 4, 2013 /CNW/ - Callinex Mines Inc. (TSX.V-CNX) (OTCQX
- CLLXF) (the "Company") is pleased to announce that is conducting a
private placement of up to 1,571,429 units (each a "Unit") of the
Company at the price of $0.35 per Unit. Each Unit will consist of one
common share of the Company and one half of a share purchase warrant (a
"Warrant"). Each whole Warrant will entitle the holder to purchase one
additional common share of the Company for a period of two years from
closing the private placement at the price of $0.35 per share in the
first year and $0.40 per share in the second year.

In connection with the private placement, the Company may pay a finder's
fee on all or a portion of the financing.

The net proceeds of the private placement will be added to the Company's
working capital.

The Units have not been registered under the U.S. Securities Act of
1933, as amended, or any state securities laws and may not be offered
or sold in the United States absent registration or any applicable
exemption from the registration requirements. This news release does
not constitute an offer to sell or the solicitation of an offer to buy
nor will there be any sale of the Units in any state in which such
offer, solicitation or sale would be unlawful.

The private placement is subject to acceptance for filing by the TSX
Venture Exchange.

On Behalf of the Board of Directors,

J.J. O'Donnell

J.J. O'Donnell

President and CEO

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.