Cantex closes first tranche of private placement raising $1.93 million

Reuters2026/08/12 21:46

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Cantex closed a first tranche of a non-brokered private placement, raising gross proceeds of $1,929,900.
Issued 4,428,000 charity flow-through units at $0.36, 283,333 flow-through shares at $0.3, 959,000 units at $0.25.
Each whole warrant allows purchase of one share at $0.4 for two years.
CEO Chad Ulansky subscribed for 100,000 flow-through shares for $30,000.
Proceeds earmarked for North Rackla exploration in Yukon, including drilling on gold, copper, silver-lead-zinc-germanium targets.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cantex Mine Development Corp. published the original content used to generate this news brief on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Cantex closes first tranche of private placement raising $1.93 million

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