Cantex Mine Development closes oversubscribed private placement, raises $3.82 million

Bitget2026/09/18 23:24

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Cantex Mine Development closed the final tranche of an oversubscribed private placement, lifting total gross proceeds to $3.82 million.
Final tranche raised $883,350 from 200,000 flow-through shares at $0.3, no warrants, and 3,293,400 units at $0.25.
Each unit included one common share, half-warrant; each whole warrant exercisable at $0.4 for two years.
Proceeds earmarked for the North Rackla Project in Yukon, general working capital.
Chairman Charles Fipke subscribed for 400,000 units for $100,000 through 0974052 BC Ltd.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cantex Mine Development Corp. published the original content used to generate this news brief via CNW (Ref. ID: 202609181923CANADANWCANADAPR_C9109) on September 18, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Cantex Mine Development closes oversubscribed private placement, raises $3.82 million

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