Callinex Mines (TSE:CNX) has released an update.
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Callinex Mines Inc. has announced a private placement financing initiative to raise $1.5 million, aimed at funding an exploration and drilling campaign at their Pine Bay Project in Manitoba. The funds will be allocated to expand the Descendent discovery and to investigate other potential high-value targets within the area. The financial effort is divided between hard dollar units and Manitoba flow-through units, which combined will support both exploration expenses and general corporate activities.
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