Canamex Closes $2,933,820 Financing
August 10 2012 - 2:42PM
Marketwired
Canamex Resources Corp. (TSX
VENTURE:CSQ)(OTCQX:CNMXF)(FRANKFURT:CX6) is pleased to announce
that it has closed its private placement for gross proceeds of
$2,933,820 (refer to News Releases dated July 27, July 30 and
August 3, 2012). On August 9, 2012 the Company received acceptance
from the TSX Venture Exchange (the "Exchange") to close the private
placement.
In accordance with the provisions of the Subscription
Agreements, on August 10, 2012, the Company issued a total of
10,866,000 Units (the "Units") at a price of $0.27 per Unit, each
Unit consisting of one common share and one share purchase warrant,
each warrant entitling the holder thereof to purchase one
additional common share, exercisable for a period of two years from
the date of issuance at a price of $0.40 per share in the first
year, and thereafter at a price of $0.50 in the second year
(provided that in the event that the weighted average closing price
of the Company's shares on the Exchange equals or exceeds Cdn$0.75
during any 20 consecutive trading days commencing four (4) months
after the date of issuance of the Warrants, then the Company may
within 30 days of such an occurrence give notice in writing to the
holders of the Warrants that the Warrants shall expire at 5:00 p.m.
(Vancouver time) on the 20th business day following delivery of
such notice unless exercised by the holders of the Warrants prior
to such time).
In connection with this financing, the Company paid finders'
fees totaling $138,083.40 in cash and issued a total of 457,520
finders' warrants on the same terms as Warrants set out above.
These shares and any shares issued on exercise of the warrants
(including finders' warrants) will be subject to a hold period
under applicable Canadian securities laws expiring on December 11,
2012, and will be subject to such further restrictions on resale as
may apply under applicable foreign securities laws.
ON BEHALF OF THE BOARD
Robert Kramer, CFO and Director
The securities referred to in this news release have not been,
nor will they be, registered under the United States Securities Act
of 1933, as amended, and may not be offered or sold within the
United States or to, or for the account or benefit of, U.S. persons
absent U.S. registration or an applicable exemption from the U.S.
registration requirements.
This news release does not constitute an offer for sale of
securities for sale, nor a solicitation for offers to buy any
securities. Any public offering of securities in the United States
must be made by means of a prospectus containing detailed
information about the Company and management, as well as financial
statements.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Canamex Resources Corp. Robert Kramer CFO and Director
(604) 718-2800 (ext 311) (604) 718-2808 (FAX) www.canamex.us
Renmark Financial Communications Inc. Erica Lomonaco (514) 939-3989
or (416) 644-2020elomonaco@renmarkfinancial.com Renmark Financial
Communications Inc. Barbara Komorowski (514) 939-3989 or (416)
644-2020bkomorowski@renmarkfinancial.com
www.renmarkfinancial.com