KELOWNA, BC, Oct. 19, 2023 /CNW/ - Cantex Mine Development Corp. (TSXV: CD) (OTCQB: CTXDF) (the "Company") announces that, further to its news release of September 20, 2023 announcing a private placement (the "Offering"), the Company closed the first tranche of the Offering ("the Tranche") on October 17, 2023 and has received $921,365 by the issuance of 1,424,550 flow through units (the "FT Units") and 1,900,000 non flow-through units (the "Units"). FT Units were issued at $0.30 per FT Unit and Units were issued at $0.26 per Unit; each FT Unit is comprised of a flow through share and one-half of a non-flow through warrant and each Unit is comprised of one non-flow through share and one-half of a warrant. Each whole warrant entitles the holder to acquire one common share of the Company at a price of $0.39 for a term of two years from closing.
Read more at newswire.caCANTEX COMMENCES DRILLING AT NORTH RACKLA AND CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT
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