FINANCING / Cantex Energy Inc. Private Placement
CANTEX ENERGY INC. (FORMERLY FINDORE MINERALS INC.) COMPLETES
PRIVATE PLACEMENT
1998-01-19
TORONTO, ONTARIO
Cantex Energy Inc. (formerly Findore Minerals Inc.) (the "Company") (CTXE-
OTC-CXEGF-BB) wishes to announce that it has recently completed a $750,000
private placement of common shares priced at $1.10 per share, pursuant to
agreements dated December 9, 1997.
For further information, please contact Mr. James Lee, President, or Mr.
Colin Halanen, Investor Relations Representative at Cantex at (416) 363-1570
or visit Cantex's website at web.licity.com.
Total shares issued and outstanding: 10,119,529
RELATED PRESS RELEASE PAST FRIDAY
Findore Minerals Inc. (the "Company") is pleased to announce that it has
changed its name to "CANTEX ENERGY INC." Effective Friday, January 16, 1998,
the Company will no longer trade under the symbol FNDR and will commence
trading under the symbol "CTXE".
Shareholders are not required to surrender their existing Findore Minerals
Inc. share certificates for certificates of Cantex Energy Inc. as the name
change was effected on a share-for-share basis. Equity Transfer Services Inc.
has a supply of Cantex Energy Inc. certificates and is in a position to
effect transfers in the ordinary course on and after January 16, 1998.
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