CANEX Closes Equity Financing
CANEX Metals (TSX.V:CANX) has successfully closed its non-brokered private placement, raising gross proceeds of $1,300,000.90 through the issuance of 23,636,380 common shares at $0.055 per share. The shares are subject to a four-month plus one-day hold period.
Company insiders participated in the placement, purchasing 1,139,054 common shares. The proceeds will be used to advance district consolidation opportunities, fund exploration at the Gold Range and Louise projects, and for working capital purposes.
CANEX Metals (TSX.V:CANX) ha completato con successo un collocamento privato senza intermediari, raccogliendo un totale lordo di 1.300.000,90 $ tramite l'emissione di 23.636.380 azioni ordinarie al prezzo di 0,055 $ per azione. Le azioni sono soggette a un periodo di blocco di quattro mesi più un giorno.
Gli insider della società hanno partecipato al collocamento, acquistando 1.139.054 azioni ordinarie. I proventi saranno utilizzati per avanzare nelle opportunità di consolidamento del distretto, finanziare l'esplorazione nei progetti Gold Range e Louise, e per scopi di capitale circolante.
CANEX Metals (TSX.V:CANX) ha cerrado con éxito su colocación privada sin intermediarios, recaudando un total bruto de 1.300.000,90 $ mediante la emisión de 23.636.380 acciones ordinarias a 0,055 $ por acción. Las acciones están sujetas a un período de retención de cuatro meses más un día.
Los directivos de la empresa participaron en la colocación, adquiriendo 1.139.054 acciones ordinarias. Los fondos se utilizarán para avanzar en oportunidades de consolidación del distrito, financiar la exploración en los proyectos Gold Range y Louise, y para capital de trabajo.
CANEX Metals (TSX.V:CANX)는 중개인 없이 진행한 사모 발행을 성공적으로 마무리하여 1,300,000.90 달러의 총 수익을 올렸으며, 주당 0.055 달러에 23,636,380 보통주를 발행했습니다. 해당 주식은 4개월 플러스 1일의 보호예수 기간이 적용됩니다.
회사 내부자들도 이번 발행에 참여하여 1,139,054 보통주를 매입했습니다. 자금은 지구 통합 기회 진행, Gold Range 및 Louise 프로젝트 탐사 자금, 그리고 운전자본 용도로 사용될 예정입니다.
CANEX Metals (TSX.V:CANX) a clôturé avec succès son placement privé sans courtier, levant un produit brut de 1 300 000,90 $ grâce à l’émission de 23 636 380 actions ordinaires au prix de 0,055 $ par action. Les actions sont soumises à une période de blocage de quatre mois plus un jour.
Des initiés de la société ont participé au placement, achetant 1 139 054 actions ordinaires. Les fonds seront utilisés pour faire avancer les opportunités de consolidation du district, financer l’exploration des projets Gold Range et Louise, ainsi que pour le fonds de roulement.
CANEX Metals (TSX.V:CANX) hat seine nicht vermittelte Privatplatzierung erfolgreich abgeschlossen und dabei Bruttoerlöse von 1.300.000,90 $ durch die Ausgabe von 23.636.380 Stammaktien zu je 0,055 $ erzielt. Die Aktien unterliegen einer Haltefrist von vier Monaten plus einem Tag.
Unternehmensinterne Personen beteiligten sich an der Platzierung und erwarben 1.139.054 Stammaktien. Die Erlöse werden verwendet, um Konsolidierungsmöglichkeiten im Distrikt voranzutreiben, die Exploration bei den Projekten Gold Range und Louise zu finanzieren und für Betriebskapitalzwecke.
- Raised $1.3 million in equity financing
- Insider participation demonstrates management confidence
- No commissions paid to investment dealers, maximizing proceeds
- Significant share dilution at $0.055 per share
- Four-month hold period restricts immediate trading
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
CALGARY, AB / ACCESS Newswire / June 26, 2025 / CANEX Metals Inc. ("CANEX" or the "Company") (TSX.V:CANX) is pleased to announce that it has closed its previously announced non-brokered private placement (the "Private Placement") of 23,636,380 common shares ("Common Shares") for gross proceeds of
The Common Shares were offered on a non-brokered basis by way of private placement to accredited investors and no commissions were paid to investment dealers in connection with the Private Placement. The Private Placement is subject to final acceptance of the TSX Venture Exchange.
Certain insiders purchased a total of 1,139,054 Common Shares in connection with the Private Placement. The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements contained in Sections 5.5(a) and 5.7(1)(a) of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") as the participation in the Private Placement by the insiders does not exceed
Proceeds of the Private Placement will be used to advance the district consolidation opportunity as announced by the Company on June 9, 2025, for exploration at the Company's Gold Range and Louise projects, and for general working capital.
About CANEX Metals
CANEX Metals (TSX.V:CANX) is a Canadian junior exploration company focused on advancing its
Dr. Shane Ebert P.Geo., is the Qualified Person for CANEX Metals and has approved the technical disclosure contained in this news release.
"Shane Ebert"
Shane Ebert
President/Director
For Further Information Contact:
Shane Ebert at 1.250.964.2699 or
Jean Pierre Jutras at 1.403.233.2636
Web: http://www.canexmetals.ca
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.
Forward-Looking Statements
Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "intends", "would", "believes", "will", "may", "expects" and similar expressions, constitute forward-looking information within the meaning of applicable Canadian securities laws and represent management's internal projections, expectations or beliefs concerning, among other things, the use of proceeds and the final acceptance of the TSX Venture Exchange with respect to the Private Placement. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause CANEX's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, the ability to obtain regulatory approvals (including approval of the TSX-V and the securities commissions); the changes in general economic conditions in Canada, the United States and elsewhere, and those described in CANEX's filings with the Canadian securities authorities. Accordingly, holders of CANEX shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. CANEX disclaims any responsibility to update these forward-looking statements.
SOURCE: CANEX Metals Inc.
View the original press release on ACCESS Newswire
FAQ
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