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Canamex Negotiates Equity Financing for up to $2,700,000
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 27, 2012) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Canamex Resources Corp. (TSX VENTURE:CSQ)(FRANKFURT:CX6) announces that it intends to complete a private placement for gross proceeds of up to $2,700,000, subject to acceptance by the TSX Venture Exchange. These funds will be raised by the Company issuing up to 10,000,000 Units (the "Units") at a price of $0.27 per Unit, each Unit consisting of one common share and one share purchase warrant, each warrant entitling the holder thereof to purchase one additional common share, exercisable for a period of two years from the date of issuance at a price of $0.40 per share in the first year, and thereafter at a price of $0.50 in the second year (provided that in the event that the weighted average closing price of the Company's shares on the TSX Venture Exchange (the "Exchange") equals or exceeds Cdn$0.75 during any 20 consecutive trading days commencing four (4) months after the date of issuance of the Warrants, then the Company may within 30 days of such an occurrence give notice in writing to the holders of the Warrants that the Warrants shall expire at 5:00 p.m. (Vancouver time) on the 20th business day following delivery of such notice unless exercised by the holders of the Warrants prior to such time).
Proceeds from the private placement will be used for exploration of the Company's mineral exploration projects in Nevada and Guyana, and for general working capital.
The Company may pay finders' fees in connection with the private placement in accordance with TSX Venture Exchange policies.
The Offering is expected to close on or about August 3, 2012, and is subject to certain conditions, including, but not limited to, the receipt of acceptance from the TSX Venture Exchange.
tmx.quotemedia.com/...le.php?newsid=53100828&qm_symbol=CSQ
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 27, 2012) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Canamex Resources Corp. (TSX VENTURE:CSQ)(FRANKFURT:CX6) announces that it intends to complete a private placement for gross proceeds of up to $2,700,000, subject to acceptance by the TSX Venture Exchange. These funds will be raised by the Company issuing up to 10,000,000 Units (the "Units") at a price of $0.27 per Unit, each Unit consisting of one common share and one share purchase warrant, each warrant entitling the holder thereof to purchase one additional common share, exercisable for a period of two years from the date of issuance at a price of $0.40 per share in the first year, and thereafter at a price of $0.50 in the second year (provided that in the event that the weighted average closing price of the Company's shares on the TSX Venture Exchange (the "Exchange") equals or exceeds Cdn$0.75 during any 20 consecutive trading days commencing four (4) months after the date of issuance of the Warrants, then the Company may within 30 days of such an occurrence give notice in writing to the holders of the Warrants that the Warrants shall expire at 5:00 p.m. (Vancouver time) on the 20th business day following delivery of such notice unless exercised by the holders of the Warrants prior to such time).
Proceeds from the private placement will be used for exploration of the Company's mineral exploration projects in Nevada and Guyana, and for general working capital.
The Company may pay finders' fees in connection with the private placement in accordance with TSX Venture Exchange policies.
The Offering is expected to close on or about August 3, 2012, and is subject to certain conditions, including, but not limited to, the receipt of acceptance from the TSX Venture Exchange.
tmx.quotemedia.com/...le.php?newsid=53100828&qm_symbol=CSQ
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