Resource Capital Fund VI L.P. Acquires Shares of Callinex Mines Inc.

DENVER, Aug. 4 2015 /CNW/ - Resource Capital Fund VI L.P. ("RCF") reports that it has purchased 5,181,348 Flow-through Shares (as defined below) and 3,333,333 Units (as defined below) resulting in RCF holding 8,514,681 common shares (the "Subject Shares") in the capital of Callinex Mines Inc. ("Callinex") and 1,666,667 Warrants (as defined below) in connection with a non-brokered private placement by Callinex (the "Private Placement") of 5,728,751 flow-through Callinex common shares ("Flow-through Shares") and 5,625,832 non-flow-through units of Callinex (each, a "Unit"). Each Unit consisted of one Callinex common share and one-half of one Callinex common share purchase warrant (each, a "Warrant") exercisable for two years at a price of C$0.45.    

The Subject Shares were acquired at a price of C$0.30 per Subject Share, for aggregate gross proceeds paid to Callinex of $2,562,504.30.

Following the completion of the Private Placement, RCF beneficially owns, directly or indirectly, 8,514,681 Callinex common shares, representing approximately 17.9% of Callinex's common shares. Immediately prior to the completion of the Private Placement, RCF did not own, directly or indirectly, any Callinex common shares. RCF acquired the Subject Shares for investment purposes. RCF may from time to time acquire additional securities, dispose of some or all of the existing or additional securities or may continue to hold the securities of Callinex.

RCF's ownership figures in this press release of Callinex common shares are presented on a non-diluted basis and prior to giving effect to any exercise of the Warrants held by RCF or other subscribers.

For further information and to obtain a copy of the early warning report filed under applicable Canadian securities laws in connection with the transactions hereunder, please see Callinex's profile on the SEDAR website www.sedar.com.

SOURCE Resource Capital Fund VI L.P.

For further information: and to obtain a copy of the early warning report, please contact: Resource Capital Fund VI L.P., 1400 Sixteenth Street, Suite 200, Denver, CO, 80202, Telephone: (720) 946-1444, Attn: Molly Campbell


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