Callinex Mines has closed the previously announced brokered private placement offering for gross proceeds of approximately 9.4 million dollars including the partial exercise of the over-allotment.

President and CEO Max Porterfield explains the Company is now fully funded and focused on expanding the high grade copper, gold, silver and zinc rich Rainbow and Alchemist discoveries at their Pine Bay Project 16 kilometers east of Flin Flon.  He adds they are grateful for the support from new and existing shareholders in this financing which allows them to continue their mission of driving shareholder value through discovery.

The net proceeds of the sale of Units will be used for the Company’s ongoing exploration drilling program, working capital requirements and other general purposes.  The gross proceeds from the sale of flow through units will be used for exploration expenses on their Pine Bay project.