Callinex Engages Clarion Consulting as Advisory Firm
Callinex Engages Clarion Consulting as Advisory Firm
VANCOUVER
,
June 8, 2017
/CNW/ -
Callinex Mines Inc.
(the "Company" or "Callinex") (TSX-V: CNX; OTCQX: CLLXF) is pleased to
announce that it has entered into a financial advisory services agreement (the "Financial Advisory Agreement") with Clarion Consulting Sarl. Under
the terms of the Financial Advisory Agreement, Callinex has agreed to pay a monthly consulting fee of USD
$10,000
per month.
Clarion will assist Callinex in forming productive relationships with private investors, analysts, investment funds, brokers and other financial
institutions and interested parties. Carlo Civelli, who controls Clarion, owns, directly and indirectly, 4,750,000 common shares of Callinex.
Nico
Civelli
, a member of Callinex's board of directors, is the son of
Carlo Civelli
.
Max Porterfield
, President and CEO, stated, "We are looking forward to working with Mr. Civelli in an increased capacity from his current role as
Chairman of the Advisory Board. Mr. Civelli is a supportive long-term shareholder of Callinex with a strong network of European investors within
the natural resource sector."
Clarion is based in
Monaco
and provides financial advisory and consulting services.
The Financial Advisory Agreement, which is subject to the approval of the TSX Venture Exchange, is for a period of 3 months. Callinex may
terminate the Financial Advisory Agreement on providing 10 days written notice to the other party.
About Callinex Mines Inc.
Callinex Mines Inc. is focused on discovering and developing zinc and copper rich mines within prolific Canadian VMS mining
jurisdictions. The Company is actively exploring its Pine Bay Project, located in the
Flin Flon
mining district of
Manitoba
, which hosts
significant historic VMS deposits that are within close proximity to a processing facility. The larger project portfolio hosts three
significant zinc rich mineral resources including the
Point Leamington
,
Nash Creek
and Superjack Projects located in
Eastern Canada
.
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.
Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements
with respect to future expenditures. These statements address future events and conditions and, as such, involve known and unknown
risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from
any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability
to complete contemplated work programs and the timing and amount of expenditures. Callinex does not assume the obligation to update
any forward-looking statement
.
SOURCE
Callinex Mines Inc.
View original content: http://www.newswire.ca/en/releases/archive/June2017/08/c6192.html
%SEDAR: 00031889E
For further information:
Callinex Mines Inc., Max Porterfield, President and Chief Executive Officer, Phone: (604) 605-0885, E-mail:
[email protected]; Clarion Consulting Sarl, Alessandro Dubini, Phone: +377 97 77 52 59, E-mail: [email protected]
CO: Callinex Mines Inc.
CNW 08:30e 08-JUN-17