VANCOUVER, BC, March 5, 2021 /CNW/ - Callinex Mines
Inc. (the "Company" or "Callinex") (TSXV: CNX) (OTC: CLLXF)
announces that it has granted 160,000 stock options to its
directors, officers and consultants. The options are
exercisable at $5.00 per share,
subject to certain vesting requirements and expire five years from
the date of grant.
About Callinex Mines Inc.
Callinex Mines Inc. (TSXV: CNX) (OTC: CLLXF) is advancing its
portfolio of base and precious metals rich deposits located in
established Canadian mining jurisdictions. The portfolio is
highlighted by its Nash Creek and
Superjack deposits in the Bathurst Mining District of New Brunswick. A 2018 PEA outlined a mine plan
that generates a strong economic return with a pre-tax IRR of 34.1%
(25.2% post-tax) and NPV8% of $230
million ($128 million
post-tax). The projects have significant exploration upside over a
district-scale land package that encompasses several high-grade
mineral occurrences along a 20km trend. Click here to view a
video overview of the Nash Creek Project.
Callinex has a project portfolio that also includes projects
within the Flin Flon Mining District of Manitoba that are located 25km to an operating
processing facility that requires additional ore.
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 the proposed drill program and the
timing and amount of expenditures. Except as required under
applicable securities laws, Callinex does not assume the obligation
to update any forward-looking statement.
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SOURCE Callinex Mines Inc.