CANEX Metals Inc. is pleased to announce that it has closed its final tranche of its previously announced non-brokered private placement for 707,500 shares at a price of $0.10 per Common Share for gross proceeds of $70,750. CANEX closed its first tranche for 16,292,500 Common Shares or $1,629,250 and has issued a total of 17,000,000 shares for gross proceeds of $1,700,000 under this private placement. The 707,750 shares [...]
CANEX Metals Inc. is pleased to announce that it has closed its first tranche of its previously announced non-brokered private placement for 16,292,500 shares at a price of $0.10 per Common Share for gross proceeds of $1,629,500. The shares were offered on a non-brokered basis by way of private placement to accredited investors and the securities issued are subject to a hold period of four months plus one day or May 8 [...]
CANEX Metals Inc. is pleased to report that at its Annual & Special Meeting, held on December 23, 2020, Shane Ebert, Jean-Pierre Jutras, Lesley Hayes and Gregory Hanks were re-elected to the Board of Directors. Shareholders also approved fixing the number of directors at four, the appointment of BDO Canada LLP as Auditors and ratified Canex's stock option plan. Canex is currently planning a second drill program at the [...]
CANEX Metals Inc. is pleased to announce that due to strong shareholder demand the Company has increased its previously announced non-brokered private placement and will now offer up to 17,000,000 shares at a price of $0.10 per Common Share for gross proceeds of up to $1,700,000. The shares will be offered on a non-brokered basis by way of private placement to accredited investors and any securities issued will be subject [...]
CANEX Metals Inc. is pleased to announce that due to strong shareholder demand the Company has increased its previously announced non-brokered private placement and will now offer up to 10,000,000 shares at a price of $0.10 per Common Share for gross proceeds of up to $1,000,000. The shares will be offered on a non-brokered basis by way of private placement to accredited investors and any securities issued will be subject [...]
CANEX Metals Inc. is pleased to announce a non-brokered private placement of up to 6,500,000 shares at a price of $0.10 per Common Share for gross proceeds of up to $650,000. The shares will be offered on a non-brokered basis by way of private placement to accredited investors and any securities issued will be subject to a hold period of four months plus one day from the date of closing. This financing is subject to TSX [...]
CANEX Metals Inc. is pleased to announce assay results for holes GR20-10 to 14 from the recent reverse circulation drilling program at the Company's Gold Range Project, Arizona. Highlights Hole GR20-13 intersected 0.6 g/t gold over 21.3 metres including 1.2 g/t gold over 7.6 metres starting 10.7 metres downhole. Hole GR20-9 located 150 metres west of hole GR20-13, intersected 0.9 g/t gold over 27.4 metres, while hole 8 [...]
CANEX Metals Inc. is pleased to announce assay results for holes GR20-6 to 9 from the recent reverse circulation drilling program at the Company's Gold Range Project, Arizona. Highlights Drilling at the western side of the Eldorado Target has discovered a new zone of disseminated gold mineralization. Results include 0.9 g/t gold over 27.4 metres within a larger interval grading 0.5 g/t Au over 50.3 metres starting from [...]
CANEX Metals Inc. is pleased to announce assay results for holes 1 to 5 from the recent reverse circulation drilling program at the Company's Gold Range Project, Arizona. Highlights Drilling at the Pit Extension Zone has returned 10 g/t gold over 1.52 metres within a wider zone of 5.9 g/t gold over 4.57 metres. The above intercept fits well with Trench 10 which returned 6.12 g/t gold over 9 metres. The results support [...]
CANEX Metals Inc. is pleased to announce surface assay results from Trench 10 at the Gold Range Project, Arizona, and update the status of its drilling program which began on August 25. Highlights Chip sampling at Trench 10 has returned 12.97 g/t gold over 3 metres including 19.4 g/t gold over 1.5 metres. The above high grade sits within a larger zone grading 6.12 g/t gold over 9 metres. The results demonstrate potential [...]
CANEX Metals Inc. is pleased to announce recently received assay results from surface sampling at the Gold Range Project, Arizona. Highlights A new target, the Contact Zone, has been identified over a length of 1000 metres with widths of 50 to 100 metres. Limited chip sampling within this target has returned values of up to 2.76 g/t gold over 4 metres. Chip sampling of road cuts adjacent to the Pit Zone has returned 7.73 [...]
CANEX Metals Inc. is pleased to announce that drilling has commenced at the Gold Range Property, Arizona. Drilling has commenced at Gold Range with the first hole expected to be completed by the end of the day. Drilling is initially targeting the Pit Zone where 62 previously released chip and grab samples ranged from trace to 48 g/t gold, averaging 8.5 g/t gold. The drill program will consist of approximately 1675 metres [...]
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