CANTEX ANNOUNCES C$2 MILLION FLOW-THROUGH SHARE FINANCING
June 17 2011 - 11:53AM
PR Newswire (Canada)
KELOWNA, BC, June 17, 2011 /CNW/ -- KELOWNA, BC, June 17, 2011
/CNW/ - Cantex Mine Development Corp. (TSXV: CD) (the "Company",
"Cantex") wishes to announce that it will be conducting a
non-brokered, "best-efforts" private placement of approximately C$2
million of Cantex securities consisting of "flow-through" common
shares at an issue price of $0.065 per share, subject to regulatory
approval. The proceeds from the issuance of the flow-through shares
shall be used to finance an exploration program focused the
Company's gold claims in the Yukon Territory and will qualify as
Canadian exploration expenses (as defined in the Income Tax Act)
that will be renounced to the investors. 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. To
view this news release in HTML formatting, please use the following
URL:
http://www.newswire.ca/en/releases/archive/June2011/17/c7172.html p
Chad Ulansky, President & CEObr/ (250) 860 - 8582br/ a
href="mailto:info@cantex.ca"info@cantex.ca/a /p
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