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Callinex raises C$4.22M in equity financing

  • Callinex Mines (OTCPK:CLLXF) has announced a non-brokered private placement of up to C$4.22M to fund its ongoing drill campaign at the Rainbow Deposit, Pine Bay, Manitoba.
  • The offering comprises of up to 321,544 units priced at C$3.11 each and up to 644,000 Manitoba flow-through units at C$5 per unit. 
  • Each unit will comprise of 1 share and 0.5 of warrant, which as a whole is exercisable to purchase an additional share at C$4.75 within 2 years of expiry.
  • Press Release 

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