“Warrants”) from $1.00 (following the Company’s recen t 10 for 1 share consolidation) to $0.21 and
203-1634 Harvey Ave
Kelowna, B.C.
Canada V1Y 6G2
Tel 250.860.8582
Fax 250.860.1362
www.cantex.ca
Kelowna, BC – August 15, 2018 – Cantex Mine Development Corp. (CD: TSXV) (the “Company”)
announces that it inte nds to amend the exercise pric e of 147,850 outstanding warrants (the
“Warrants”) from $1.00 (following the Company’s recen t 10 for 1 share consolidation) to $0.21 and
to extend the term of such Warrants by two y ears to November 23, 2020 in the case of 76,425
Warrants and December 14, 2020 in the case of the remaining 71,425 Warrants.
The amendments are subject to the acceptance of the TSX Venture Exchange and the consent of the
warrantholders. As a condition of Exchange acceptance of the repricing, the Warrants will be required
to have an acceleration expiry cl ause whereby, if the Company’s sh ares close at or above $0.265 per
share for 10 consecutive trading days, the Warrants will expire 30 days thereafter.
Signed,
Charles Fipke
Charles Fipke
Chairman
For further information:
Cantex Mine Development Corp,
Tel: +250-860-8582; Email: [email protected]
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.