KELOWNA, BC, July 9, 2014
/CNW/ - Cantex Mine Development Corp. (CD : TSXV) (the
"Company") wishes to announce that it intends to proceed with a
private placement of its securities so as to raise up to
$1,750,000 (the "Offering").
The Offering is comprised of flow-through shares at a price of
$0.05 per share.
The Company may pay a finder's fee in connection with the
Offering in accordance with the policies of the TSX Venture
Exchange.
Proceeds from the Offering are to be used to define drill
targets and to commence drilling on the Company's seven claims
groups located in central Yukon.
As previously disclosed by the Company, the claims groups host
predominant areas within the claims with anomalous key heavy
mineral pathfinder results indicative of Carlin type mines and deposits in Nevada and the Yukon. In particular,
gold and key pathfinder elements are exceedingly anomalous in at
least one of the claims groups in magnitudes compared to those
obtained downstream from the Carlin mine in Nevada.
The Offering remains subject to the acceptance of the TSX
Venture Exchange.
The technical information and results reported here have been
reviewed by Mr. Chad Ulansky
P.Geol., a Qualified Person under National Instrument
43-101, who is responsible for the technical content of this
release.
Signed,
Charles Fipke
Charles Fipke
Chairman
Neither 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.
SOURCE Cantex Mine Development Corp.