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To: Goose94 who wrote (56693)

3/29/2019 7:20:59 PM

From: Goose94

Read Replies (2) of 202936

Cantex Mine Development (CD-V) Closes Final Tranche of PP

Mar 29, '19 - NR

Cantex Mine has closed the final tranche of its previously announced private placement, resulting in gross proceeds of $2,514,000 from the issuance of non-flow-through units.

Combined with the first and second tranches, the placement has resulted in gross proceeds of $15-million from the issuance of 3.5 million flow-through shares and 11.5 million non-flow-through units.

All securities issued in the final tranche are subject to a hold period expiring July 30, 2019. The placement resulted in the company paying a total of $145,600 in finders' fees and issuing 130,000 finder warrants, having the same terms as the placement warrants.

Proceeds from the placement will be applied to the coming exploration program on the company's Rackla project in Yukon as well as for general working capital of the company.

Signed,

Charles Fipke

Charles Fipke, Chairman
(250) 860-8582
info@cantex.ca

For further information: Cantex Mine Development Corp, Tel: +250-860-8582, Email: info@cantex.ca

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