CANEX Closes Successful $1.3 Million Equity Financing

CANEX Metals Inc. has completed its non-brokered private placement, raising $1,300,000.90 through the issuance of 23,636,380 common shares. Priced at $0.055 per share, these shares are subject to a four-month hold period. The offering targeted accredited investors, with no commissions paid to brokers.

The placement is pending final approval from the TSX Venture Exchange. Insiders of CANEX acquired 1,139,054 shares in the process, remaining within regulatory exemptions. The funds will support exploration at Gold Range and Louise projects and general capital needs.

CANEX Metals is focused on its Gold Range Project in Arizona and Louise Copper-Gold Porphyry in British Columbia, presenting promising exploration opportunities.