CANEX Metals closes oversubscribed private placement raising C$9.55 million

By Public Technologies
  • CANEX Metals closed an oversubscribed non-brokered private placement raising C$9.55 million through common shares and charity flow-through shares.
  • Issued 22,841,286 common shares at C$0.35 for C$7.99 million, issued 2,873,000 FT Shares at C$0.54 for C$1.55 million.
  • N. Eric Fier led the financing with a C$3 million order, holding about 9.6% of the company post-financing.
  • Funds earmarked for exploration, drilling, and pre-development at Gold Basin/Gold Range, drilling at Louise, and working capital.


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