Callinex Mines (TSE:CNX) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Callinex Mines Inc. has successfully completed an oversubscribed private placement financing, raising $2.1 million which exceeded the initial target by $594,409. The raised funds will be allocated to Canadian exploration expenses for the Pine Bay Project in Manitoba and to general corporate purposes, with securities issued under this placement being restricted from resale for four months and a day.
For further insights into TSE:CNX stock, check out TipRanks’ Stock Analysis page.