RCF takes 18 pct investment stake in Callinex Mines
Callinex Mines Inc (TSX-V: CNX), a Canadian mineral exploration company, has completed its previously-announced private placement, raising $3.4 million. As a result, U.S. mining-focused private equity firm Resource Capital Funds (RCF) has assumed a 17.9 percent ownership stake in the company. The Vancouver-based Callinex said it will use the partnership with RCF to advance discovery and development of copper and zinc-rich deposits in Flin Flon, Manitoba's mining district.
6 August 2015•3 mins read
