Cantex Mine Development Corp. announced a non-brokered private placement to issue 9,166,666 common shares at a price of CAD 0.12 per common share for the gross proceeds of CAD 1,099,999.92 on June 3, 2024. The transaction will include participation from returning investor Crescat Capital LLC for 833,333 shares for CAD 100,000 and 0974052 B.C. Ltd a company over Charles Fipke for 8,333,333 shares for CAD 1,000,000.

The common shares will be subject to a 4 month hold period in accordance with applicable securities laws. Closing of the Offering remains subject to acceptance by the TSX Venture Exchange.