- Callinex Mines ( OTCQX:CLLXF ) has entered into an agreement with Research Capital for a private placement offering of an aggregate of up to $7M in securities.
- Units of the company are priced at $3.15 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant. Flow-through units to be sold to charitable purchasers at a price of $5.67 per charity FT unit.
- Net proceeds will be used for ongoing exploration drilling program, working capital requirements and other general corporate purposes.
- The offering is scheduled to close on or about the week of March 6, 2023.
For further details see:
Callinex Mines announces $7M private placement