TRADING SYMBOL: TSX.V - CNX
VANCOUVER, June 21, 2012 /CNW/ - Callinex Mines Inc. ("Callinex" or the
"Company") is pleased to announce that is has arranged a private
placement of up to 5,000,000 common shares of the Company at a price of
$0.40 per share for total proceeds of up to $2,000,000.
In connection with the private placement, the Company may pay a finder's
fee on all or a portion of the financing.
The Company intends to use the net proceeds of the private placement to
advance its exploration activities and for working capital.
The private placement is subject to acceptance by the TSX Venture
On Behalf of the Board of Directors:
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.
Certain of the information presented in this News Release may constitute
"forward-looking statements" or "forward-looking information" within
the meaning of Canadian securities legislation (together referred to as
"forward-looking statements"). The forward-looking statements are
subject to risks, uncertainties and other factors that may cause actual
results to be materially different from those expressed or implied by
such forward-looking statements, including any delays in the receipt of
consents or approvals. Although Callinex has attempted to identify
important factors that could cause actual actions, events or results to
differ materially from those described in forward-looking statements,
there may be other factors that cause actions, events or results not to
be as anticipated, estimated or intended. There can be no assurance
that such statements will prove to be accurate as actual results and
future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements contained in this News Release and in any
document referred to in this News Release. Forward-looking statements
are made based on management's beliefs, estimates and opinions on the
date the statements are made and Callinex undertakes no obligation to
update forward-looking statements if these beliefs, estimates and
opinions or other circumstances should change, except as required by
SOURCE Callinex Mines Inc.
For further information:
555 W. Hastings St., Suite 1110 Vancouver, BC V6H 4V4
Telephone: 604-605-0885 Fax: 604-605-0886