Canamex Resources Closes Financing with Hecla Canada

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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.



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This article appears in: Investing , Commodities

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