- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
Purpose Bitcoin ETF
Silver47 Exploration
Syntheia
Black Swan Graphene
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Callinex Mines (TSXV:CNX) has announced that the initial tranche of the previously announced non-brokered private placement financing totaling $3.5 million has been completed. As quoted in the press release: The Company will close the remaining $710,675, consisting exclusively of flow through shares, to complete the oversubscribed $4.2 million Financing on Friday May 13, 2016. Under …
Callinex Mines (TSXV:CNX) has announced that the initial tranche of the previously announced non-brokered private placement financing totaling $3.5 million has been completed.
As quoted in the press release:
The Company will close the remaining $710,675, consisting exclusively of flow through shares, to complete the oversubscribed $4.2 million Financing on Friday May 13, 2016.
Under the initial tranche of the Financing, the Company issued a total of 4,631,084 flow through shares (“Share”) at a price of $0.30 per Share and 7,000,000 non-flow through units (“Units”) at a price of $0.30 per Unit. The Company paid finder fees totaling $36,587.50. The proceeds from the Financing will be used to facilitate exploration and for general corporate purposes.
Each non-flow through Unit consists of one (1) non-flow through common share and one-half of one share purchase warrant (each whole warrant a “Warrant”). Each Warrant entitles the holder to acquire one non-flow through common share at a price of $0.45 for a period of two years from the date of issue. The Company will have the right to accelerate the expiry date of the Warrants if, at any time, the volume weighted average price exceeds $0.60 over any 15 day trading period. In the event of acceleration, the expiry date will be accelerated to a date that is 20 days after the Company issues a news release announcing that it has elected to exercise this acceleration right.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.