Local News

Callinex is Financing Further Drill Projects Near Flin Flon.

Callinex Mines has announced it intends to complete a non-brokered private placement of up to 2 million units at price of 50 cents per unit for gross proceeds of up to one million dollars.  Each unit will consist of one flow through common share and one half of one flow through share purchase warrant with each warrant entitling the holder to purchase one additional share at a price of one dollar per share for a period of two years from the date of purchase.

             

The proceeds of the offering will be used to conduct exploration activities on its exploration portfolio in the Flin Flon and Bathurst mining district.

             

Callinex reports they have a large land position in the Flin Flon district led by its Pine Bay project 16 kilometers east of Flin Flon and its Big Island project 10 kilometers east of Flin Flon.

 

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