Canamex Resources Closes Financing with Hecla Canada


Shutterstock photo

Canamex Resources Corp. (CSQ.V) announced that pursuant to an Ancillary Rights Agreement with Hecla Canada Ltd., it has closed an equity financing pursuant to which Hecla, a wholly-owned Canadian subsidiary of Hecla Mining Company, acquired 141,911 common shares of the company at a price of $0.15 per share for total proceeds of $21,286.65 on a private placement basis.

The financing was arranged to enable Hecla to maintain its 14.8% interest in the company's issued and outstanding common shares, as required under the Ancillary Rights agreement.

Proceeds will be used for general corporate purposes.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by