RCF to account for most of Callinex Mines' $3 mln private placement
Callinex Mines Inc (TSX-V: CNX) plans to complete a private placement transaction to raise up to $3 million in proceeds. The company said that U.S. private equity firm Resource Capital Funds (RCF) is expected to acquire the majority of issued shares and become its largest investor. Based in Vancouver, Callinex is a mineral exploration company focused on discovering the next polymetallic mine in Manitoba's Flin Flon mining district. Earlier this month, RCF-backed TMAC Resources Inc completed its initial public offering of $135 million and commenced trading on the Toronto Stock Exchange.
15 July 2015•6 mins read
