Cantex Closed Second Tranche of Private Placement
CANTEX CLOSED SECOND TRANCHE OF
PRIVATE PLACEMENT
KELOWNA, BC
,
Sept. 11, 2026
/CNW/ --
Cantex Mine Development Corp.
(TSXV: CD) (the
"Company") is pleased to announce the close of the second tranche of its financing.
The Company announces that, further to its news releases of July
12, August
12, and September
8,
announcing a private placement (the Offering"), the close of the first tranche and an increase to the
financing, the Company closed the second tranche of the Offering ("the Second Tranche") and has
received proceeds of $1,006,000 by the issuance of 2,400,000 charity flow through units ("CFT
units"), 110,000 flow through shares ("FT shares") and 412,000 hard units ("Units"). The CFT units
were issued at $0.3625 per unit, with each CFT unit comprised of one flow through share and one-
half of a non-flow through warrant. Units were issued at $0.25 per unit, with each Unit comprised of
one common share and one-half of a non-flow through warrant. FT Shares were issued at $0.30 per
FT share, with no warrants attached to them. Each whole warrant issued in connection with either
a CFT unit or a Unit entitles the holder to acquire a non-flow through share at a price of $0.40 for a
term of two years. As announced on August
12, 2026, the Company closed a first tranche of the
offering for total gross proceeds of $1,929,900.
Proceeds from the Second Tranche will be used to fund the Company's North Rackla Project in the
Yukon and for general working capital.
The Company was charged $2,100 in finders fees in connection with the Second Tranche, which
was paid in cash. The securities issued in the Second Tranche are subject to a four month hold
period, expiring on January
12, 2027.
The Company is looking forward to closing the final tranche of the Offering in the near future.
About Cantex
Cantex is focused on its 100% owned 20,000 hectare North Rackla Project located 150
kilometers
northeast of the town of Mayo in the Yukon Territory, Canada where high-grade massive sulphide
mineralization has been discovered. Over 100,000 meters of drilling has defined high grade silver-
lead-zinc-germanium mineralization over 2.80 kilometers of strike length and at least 700 meters
depth. The mineralization remains open along strike and to depth. In addition the Company has
discovered copper and gold mineralization. The Company is led by Dr. Charles Fipke, C.M., the
founder of Ekati, Canada's first diamond mine.
The technical information and results reported here have been approved by Mr. Chad Ulansky
P.Geol., a Qualified Person under National Instrument 43-101, who is responsible for the technical
content of this release. Mr Ulansky is the Company's President and CEO.
Signed,
Chad
Ulansky
Chad Ulansky President
and CEO
Neither
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.
SOURCE Cantex Mine Development Corp.
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For further information:
For further information: Cantex Mine Development Corp, Tel: +250-860-
8582, Email: [email protected]
CO: Cantex Mine Development Corp.
CNW 19:20e 11-SEP-26