Cantex Mine Development Corp. announced that it expects to receive CAD 5 million in funding from Northfield Capital Corporation

Cantex Mine Development Corp. (TSXV:CD) announced a non-brokered private placement for gross proceeds of up to CAD 5,000,000 on July 27, 2020. The company will issue flow-through shares at a price of CAD 1.70 per share and charity flow through shares at a price of CAD 1.90 per share.

The company may pay finder's fees in connection with the transaction in accordance with the policies of the TSX Venture Exchange. The shares issued pursuant to the transaction will be subject to a four month hold period from the date of issue of the shares. The transaction is subject to the acceptance of the TSX Venture Exchange.