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CANTEX ANNOUNCES STRATEGIC INVESTMENT BY CRESCAT CAPITAL AS PART OF A C$5 MILLION NON-BROKERED PRIVATE PLACEMENT
CANTEX ANNOUNCES STRATEGIC INVESTMENT BY CRESCAT CAPITAL AS PART OF A C$5 MILLION NON-BROKERED PR...
About this update from Cantex Mine Development Corp.
[{"type":"text","content":"\n \n \n \n CANTEX ANNOUNCES STRATEGIC INVESTMENT BY CRESCAT CAPITAL AS PART OF A C$5 MILLION NON-BROKERED PRIVATE PLACEMENT\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR FOR DISTRIBUTION TO U.S. WIRE SERVICES./\n \n \n \n \n KELOWNA, BC\n \n \n ,\n \n \n Sept. 20, 2023\n \n \n /CNW/ -\n \n Cantex Mine Development Corp.\n \n (TSXV: CD) (OTCQB: CTXDF) (the \"Company\") is pleased to announce that Crescat Capital LLC (\"Crescat\"), in association with renowned geologist, Dr.\n \n Quinton Hennigh\n \n , is committing to an investment of up to\n \n $1,500,000\n \n of a\n \n $5,000,000\n \n non-brokered private placement.\n \n \n \n \n \n \n \n \n \n \"We are delighted to welcome Crescat as a strategic shareholder,\" said\n \n Charles Fipke\n \n , Chairman of Cantex. \"Crescat's investment is a strong endorsement of our North Rackla project in the\n \n Yukon\n \n . The project hosts high grade silver-lead-zinc-germanium over a drill tested 2.3km strike length down to a depth in excess of 700 meters.\"\n \n \n Dr. Hennigh commented: \"The\n \n Yukon\n \n is emerging as a major silver-zinc-lead province hosting a wide spectrum of different styles of deposits. Cantex Mine Development's North Rackla project hosts a particularly prospective mineralizing system that displays similarities to some large, famous silver-zinc-lead deposits in\n \n Australia\n \n , notably Broken Hill,\n \n New South Wales\n \n . We are intrigued with the high-grade nature of drill intercepts to date including very high contents of germanium, an increasingly critical metal. This is a project that needs advancing, even in a very tough market, and we are happy to become new shareholders in this exciting exploration story.\"\n \n \n \n The Offering\n \n \n \n The Offering will be comprised of a combination of flow through units (\"FT units\") and non-flow through units (\"Units\") for total gross proceeds of up to\n \n $5,000,000\n \n . The FT units will be priced at\n \n $0.30\n \n...