Callinex Announces Stock Option Exercise

About this update from Visionary Copper And Gold Mines Inc.

[{"type":"text","content":"\n \n \n \n Callinex Announces Stock Option Exercise\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 VANCOUVER, BC, Dec. 1, 2020\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Dec. 1, 2020\n \n /CNW/ -\n \n \n Callinex Mines Inc.\n \n \n (the \"Company\" or \"Callinex\") (TSXV: CNX) (OTC: CLLXF) announces that its officers, directors and key personnel have exercised 176,666 stock options for total proceeds of\n \n $256,333\n \n .  Of\n \n $256,333\n \n proceeds received, a total of\n \n $198,000\n \n related to options with an exercise price of\n \n $3.30\n \n per share.  By exercising stock options with an above market strike price, management and directors are demonstrating their firm belief in the intrinsic value across the Company's exploration portfolio.\n \n \n \n \n About Callinex Mines Inc.\n \n \n \n \n \n Callinex Mines Inc. (TSXV: CNX) (OTC: CLLXF) is advancing its portfolio of base and precious metals rich deposits located in established Canadian mining jurisdictions. The portfolio is highlighted by the rapidly expanding Rainbow Discovery at its Pine Bay Project located near existing infrastructure in the Flin Flon Mining District. Additionally, Callinex has emerging near-surface silver discoveries at its Nash Creek Project located in the Bathurst Mining District of\n \n New Brunswick\n \n . A 2018 PEA on the Company's\n \n Bathurst\n \n projects outlined a mine plan that generates a strong economic return with a pre-tax IRR of 34.1% (25.2% post-tax) and NPV8% of\n \n $230 million\n \n (\n \n $128 million\n \n post-tax).\n \n \n \n \n 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.\n \n \n \n \n Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to future expenditures. These statements address future events and conditions and, as such, involve known and unknown ris...

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