CANEX Metals (TSE:CANX) has released an update.
CANEX Metals Inc. has secured TSX Venture Exchange approval to option the Louise copper-gold porphyry project in British Columbia, and has completed a successful field program at the Gold Range Project in Arizona. The company can earn a 100% interest in the Louise Project over five years through payments in shares or cash, with an initial issuance of 200,000 shares. CANEX also retains the right to buy back a portion of the net smelter royalty and is incentivized with milestone bonuses for drilling and resource estimation.
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