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CALLINEX ANNOUNCES CLOSING OF UPSIZED $9.4 MILLION FINANCING
CALLINEX ANNOUNCES CLOSING OF UPSIZED $9.4 MILLION FINANCING Canada NewsWire ...
About this update from Visionary Copper And Gold Mines Inc.
[{"type":"text","content":"\n \n \n \n CALLINEX ANNOUNCES CLOSING OF UPSIZED $9.4 MILLION FINANCING\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.prnml40{\nMARGIN-LEFT:3.33em !IMPORTANT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n March 6, 2023\n \n \n /CNW/ -\n \n Callinex\n \n \n Mines Inc.\n \n (the \"\n \n Company\n \n \" or \"\n \n Callinex\n \n \") (TSXV: CNX) (OTCQX: CLLXF) is pleased to announce that it has closed the previously announced brokered private placement offering (the \"\n \n Offering\n \n \") for gross proceeds of approximately\n \n $9.4 million\n \n , including the partial exercise of the over-allotment. The Offering was conducted by Research Capital Corporation as lead agent and sole bookrunner, on behalf of a syndicate of agents, including Beacon Securities Limited and Clarus Securities Inc. (collectively, the \"\n \n Agents\n \n \").\n \n \n \n \n \n \n \n \n \n \n Max Porterfield\n \n , President and CEO stated, \"The Company is now fully funded and focused on expanding the high-grade copper, gold, silver and zinc rich Rainbow and Alchemist discoveries at the Company's Pine Bay Project in\n \n Manitoba\n \n . We're grateful for the support from new and existing shareholders in this financing which allows us to continue our mission of driving shareholder value through discovery.\"\n \n \n In connection with the Offering, the Company issued:\n \n \n a)  1,120,366 units of the Company (the \"\n \n Units\n \n \") at a price of\n \n $3.15\n \n per Unit. Each Unit consists of one common share in the capital of the Company (a \"\n \n Common Share\n \n \") and one-half of one Common Share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \").\n \n \n b)  1,036,900 flow-through units of the Company (the \"\n \n FT Units\n \n \") at a price of\n \n $5\n \n .67 per FT Unit. Each FT Unit consists of one Common Share that will qualify as \"flow-through...