VANCOUVER, Nov. 22, 2013 /CNW/ - Callinex Mines Inc. (TSX.V-CNX) (OTCQX
- CLLXF) (the "Company") is pleased to announce that is has closed its
non-brokered private placement to raise proceeds of $200,070 by the
issuance of 526,500 units (each a "Unit") at a price of $0.38 per Unit.
Each Unit consists of one common share of the Company and one half of a
share purchase warrant (a "Warrant"). Each whole Warrant will entitle
the holder to purchase one additional common share of the Company for a
period of two years from closing the private placement at the price of
$0.38 per share in the first year and $0.45 per share in the second
The Company intends to use the proceeds of the private placement to
advance its exploration activities in Manitoba.
All shares, Warrants and any shares issued upon exercise of the Warrants
are subject to a four month hold period and may not be traded in Canada
until March 23, 2014, except as permitted by applicable Canadian
securities laws and the TSX Venture Exchange.
On Behalf of the Board of Directors,
President and CEO
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 contemplated work programs and the timing and
amount of expenditures. Callinex does not assume the obligation to
update any forward-looking statement.
SOURCE: Callinex Mines Inc.
For further information:
Suite 1110 - 555 W. Hastings St., Vancouver, BC V6H 4V4