Callinex Mines Inc.

Callinex Mines Inc. is pleased to announce that the Company has closed its oversubscribed private placement financing by raising a total of $8,888,888 . Under the Offering, the Company issued 625,002 hard dollar units at a price of C$4.00 per HD Unit for gross proceeds of C$2,500,008; 125,000 New Brunswick flow-through units at a price of $5.52 per [...]

Highlights: Drilling to test recently identified highly conductive anomalies along strike to the south of the Rainbow Discovery; The four untested anomalies each have a strike extent of 300m and start within 200m of surface; and Drilling also focused on continuing to define the Orange and Yellow zones of the Rainbow Deposit. [...]

Callinex Mines Inc. is pleased to announce that the Company has entered into an agreement with Clarus Securities Inc. as lead agent and bookrunner , on behalf of a syndicate of agents , in connection with a marketed best efforts private placement of up to approximately C$7.7 million . The Offering will consist of up to 500,000 hard dollar units at [...]

VANCOUVER, BC, Jan. 26, 2021 /CNW/ - Callinex Mines Inc. announces that it has filed a National Instrument 43-101 Technical Report dated January 18, 2021, prepared by Eugene Puritch, P. Eng., William Stone, P. Geo., and D. Grant Feasby, P. Eng., for its Point Leamington Property, Newfoundland, Canada. The Report can be publicly viewed on the System [...]

Highlights: Electromagnetic survey has uncovered four highly conductive anomalies along strike to the south of the Rainbow Discovery; The four untested anomalies each have a strike extent of 300m and start within 200m of surface; Plans are underway to immediately initiate a drilling campaign to test the four conductive bodies in tandem with [...]

Highlights: Seven areas have been identified from elevated silver, lead and zinc soil anomalies along the controlling Fault that's associated with the recently announced silver discoveries; Drill hole NC20-313 intersected 28.6m of 57 g/t silver including 16.5m of 94 g/t silver and NC19-306, located 6.8 kms to the south, intersected 19m of 36.53 g/t [...]

Callinex Mines Inc. is pleased to provide its year-end letter to shareholders from President and CEO, Max Porterfield: Dear Shareholders, The past year has brought a great deal of uncertainty and challenges to many of us and our team would like to extend our sincere gratitude and appreciation for your continued support. Though behind us now, 2020 [...]

Callinex Mines Inc. announces that its officers, directors and key personnel have exercised 176,666 stock options for total proceeds of $256,333. Of $256,333 proceeds received, a total of $198,000 related to options with an exercise price of $3.30 per share. By exercising stock options with an above market strike price, management and directors are [...]

Highlights: PBM-113-W1 intersected the Orange Zone with 5.00m of 10.63% copper equivalent comprising of 8.79% copper, 1.38 g/t gold, 24.02 g/t silver and 1.79% zinc; PBM-113-W1 intersected Yellow Zone with 5.40m of 4.43% CuEq comprising of 3.22% copper, 0.61 g/t gold, 10.43 g/t silver and 1.84% zinc; PBM-113-W1 intersected the Rainbow Horizon 65m [...]

Highlights: Callinex has received a $300,000 grant from the Manitoba Mineral Development Fund to advance the recently announced Rainbow Discovery; The MMDF is aimed to jump-start mineral and economic development initiatives that capitalize on existing infrastructure; and The Rainbow Discovery is within a mineral lease, less than 250m from a [...]