Cantex Announces Results of Special Meeting and Provides North Rackla Update
LEGAL_31250586.3
203-1634 Harvey Ave
Kelowna, B.C.
Canada V1Y 6G2
Tel 250.860.8582
Fax 250.860.1362
www.cantex.ca
CANTEX ANNOUNCES RESULTS OF SPECIAL MEETING
AND PROVIDES NORTH RACKLA UPDATE
Kelowna, BC – May 28, 2019 – Cantex Mine Development Corp. (CD: TSXV) (the “ Company”) is
pleased to announce that at the Special Meeting of the Company held May 22, 2019 eligible shareholders
voted overwhelmingly in favour of the participation in the rece ntly disclosed private placement (the
“Private Placement”) by certain entities controlled or directed by Charles Fipke, the Chairman of the
Company. These entities collectively subscribed for 6,200,000 units in the Private Placement (the
“Subscription”). Minority shareholder approv al to the Subscription was requ ired under Multilateral
Instrument 61-101.
The Company also provides the following update of activity on its North Rackla project in the Yukon:
Government permits allowing for exploration for 10 years with F irst Nations approval have recently
been received. The exploration camp for housing geophysical crews and crews to support three drills is
nearing completion. Ground Geophysical surveys commenced over t he weekend. A K-Max helicopter
that slings approx. 6,000 lb. loads is presently being used to sling in heavy equipment needed for
construction of access roads and drill sites necessary to complete our planned $15 million dollar spring,
summer and fall drill/exploration program.
Signed,
Charles Fipke
Charles Fipke
Chairman
For further information:
Cantex Mine Development Corp,
Tel: +250-860-8582; Email: [email protected]
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accepts responsibility for the adequacy or accuracy of this release.