Canex Increases Equity Financing
CANEX METALS INC.
SUITE 1620, 734 - 7TH AVENUE S.W., CALGARY, ALBERTA, T2P 3P8
PH: 403.233.2636 FAX: 403.266.2606
NEWS RELEASE: 25-4 JUNE 11, 2025
Trading Symbol: TSX Venture-CANX
For Further Information Contact: Shane Ebert at 1.250.964.2699 or
Jean Pierre Jutras at 1.403.233.2636
Web: http://www.canexmetals.ca
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES.
CANEX INCREASES EQUITY FINANCING
Calgary, Alberta - CANEX Metals Inc. (“CANEX” or the “Company”) (TSX.V:CANX) is pleased
to announce that, due to strong investor demand, the Company has increased its previously
announced non-brokered private placement to up to 23,636,364 common shares (“Common
Shares”) for gross proceeds of up to $1,300,000. The Common Shares are being offered at a
price of $0.055 per Common Share.
The Common Shares will be offered on a non -brokered basis by way of private placement to
accredited investors (the “Private Placement”) 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-V
and regulatory approval.
The Company has relied on exemptions from the formal valuation and minority shareholder
approval requirements of MI 61-101 contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101 as
the fair market value of the subject matter of the Private Placement does not exceed 25% of the
market capitalization of the Company as calculated in accordance with MI 61 -101. No
commissions will be paid to investment dealers in connection with the financing.
Proceeds of the Private Placement will be used to advance the district consolidation opportunity
as announced by the Company on June 9, 2025, for exploration at the Company’s Gold Range
and Louise projects, and for general working capital.
About CANEX Metals
CANEX Metals (TSX.V:CANX) is a Canadian junior exploration company focused on advancing
its 100% owned Gold Range Project in Northern Arizona . With several near surface bulk
tonnage gold discoveries made to date across a 4 km gold mineralized trend, the Gold Range
Project is a compelling early-stage opportunity for investors . CANEX is also advancing the
Louise Copper -Gold Porphyry deposit in British Columbia and a district scale induced
polarization geophysical survey is underway at the project . Louise contains a large historic
copper-gold resource that has seen very little deep or lateral exploration, offering investors
copper and gold discovery potential. CANEX is led by an experienced management team which
has made three notable porphyry and bulk tonnage discoveries in North America and is
sponsored by Altius Minerals (TSX: ALS), a large shareholder of the Company.
Dr. Shane Ebert P.Geo. , is the Qualified Person for CANEX Metals and has approved the
technical disclosure contained in this news release.
“Shane Ebert”
Shane Ebert
President/Director
For Further Information Contact:
Shane Ebert at 1.250.964.2699 or
Jean Pierre Jutras at 1.403.233.2636
Web: http://www.canexmetals.ca
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Except for the historical and present factual information contained herein, the matters set forth in this news release,
including words such as “intends”, “would”, “believes”, “will”, “may”, “expects” and similar expressions, constitute
forward-looking information within the meaning of applicable Canadian securities laws and represent
management’s internal projections, expectations or beliefs concerning, among other things, the Private Placement,
its timing , terms and completion . The projections, estimates and beliefs contained in such forward -looking
statements necessarily involve known and unknown risks and uncertainties, which may cause CANEX’s actual
performance and financial results in future periods to differ materially from any projections of future performance or
results expressed or implied by such forward -looking statements. These risks an d uncertainties include, among
other things, the ability to obtain regulatory approvals (including approval of the TSX -V and the securities
commissions); the changes in general economic conditions in Canada, the United States and elsewhere, and those
described in CANEX’s filings with the Canadian securities authorities. Accordingly, holders of CANEX shares and
potential investors are cautioned that events or circumstances could cause results to differ materially from t hose
predicted. CANEX disclaims any responsibility to update these forward-looking statements.