VANCOUVER, June 12, 2013 /CNW/ - Callinex Mines Inc. (TSX.V-CNX) (OTCQX
- CLLXF) (the "Company") is pleased to announce that it has arranged a
private placement of eight million units (each a "Unit") of the Company
at the price of $0.15 per Unit. Each Unit will consist of one
flow-through common share and one share purchase warrant (a "Warrant").
Each Warrant will entitle the holder to purchase one additional common
share of the Company at the price of $0.20 per share for a period of
two years from closing the private placement.
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 in Manitoba.
The Units have not been registered under the U.S. Securities Act of
1933, as amended, or any state securities laws and may not be offered
or sold in the United States absent registration or any applicable
exemption from the registration requirements. This news release does
not constitute an offer to sell or the solicitation of an offer to buy
nor will there be any sale of the Units in any state in which such
offer, solicitation or sale would be unlawful.
The private placement is subject to acceptance for filing by the TSX
On Behalf of the Board of Directors,
President and CEO
All of Callinex's exploration programs are conducted under the direction
of J.J. O'Donnell, P. Geo, a qualified person as defined by national
instrument 43-101, who has reviewed and approved the contents of this
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