CANEX Metals Inc.

CANEX Metals Inc. is pleased to announce that drilling has commenced at the Company's Gold Range Project in Northern Arizona. The Drill program will consist of a minimum of 6,000 ft and will test multiple targets that have been identified. The first 2 holes of the 2021 program have been completed and the drill is working on the third hole. Drilling is currently focused on the Eldorado Zone where up to 15 holes are planned [...]

CANEX Metals Inc. is pleased to announce it has signed a reverse circulation drill contract with a major international drilling company to drill a minimum of 1829 metres at the Companies Gold Range Project in Arizona. Drilling is scheduled to start at the end of this week and will include up to 30 drill holes testing multiple priority targets. Drilling will initially focus on confirming and expanding the recently [...]

CANEX Metals Inc. is pleased to announce that, through its 100% owned Arizona subsidiary CANEXCO Inc., it has signed a binding letter of intent to option the Excelsior Mine Property comprised of 11 lode mining claims and 2 patented mining claims covering 3 past producing historic gold mines. The Excelsior Mine Property sits within the boundaries of the Company's Gold Range Project in Arizona. Highlights The deal adds 3 [...]

CANEX Metals Inc. is pleased to announce that it has closed its final tranche of its previously announced non-brokered private placement for 707,500 shares at a price of $0.10 per Common Share for gross proceeds of $70,750. CANEX closed its first tranche for 16,292,500 Common Shares or $1,629,250 and has issued a total of 17,000,000 shares for gross proceeds of $1,700,000 under this private placement. The 707,750 shares [...]

CANEX Metals Inc. is pleased to announce that it has closed its first tranche of its previously announced non-brokered private placement for 16,292,500 shares at a price of $0.10 per Common Share for gross proceeds of $1,629,500. The shares were offered on a non-brokered basis by way of private placement to accredited investors and the securities issued are subject to a hold period of four months plus one day or May 8 [...]

CANEX Metals Inc. is pleased to report that at its Annual & Special Meeting, held on December 23, 2020, Shane Ebert, Jean-Pierre Jutras, Lesley Hayes and Gregory Hanks were re-elected to the Board of Directors. Shareholders also approved fixing the number of directors at four, the appointment of BDO Canada LLP as Auditors and ratified Canex's stock option plan. Canex is currently planning a second drill program at the [...]

CANEX Metals Inc. is pleased to announce that due to strong shareholder demand the Company has increased its previously announced non-brokered private placement and will now offer up to 17,000,000 shares at a price of $0.10 per Common Share for gross proceeds of up to $1,700,000. The shares will be offered on a non-brokered basis by way of private placement to accredited investors and any securities issued will be subject [...]

CANEX Metals Inc. is pleased to announce that due to strong shareholder demand the Company has increased its previously announced non-brokered private placement and will now offer up to 10,000,000 shares at a price of $0.10 per Common Share for gross proceeds of up to $1,000,000. The shares will be offered on a non-brokered basis by way of private placement to accredited investors and any securities issued will be subject [...]

CANEX Metals Inc. is pleased to announce a non-brokered private placement of up to 6,500,000 shares at a price of $0.10 per Common Share for gross proceeds of up to $650,000. The shares will be offered on a non-brokered basis by way of private placement to accredited investors and any securities issued will be subject to a hold period of four months plus one day from the date of closing. This financing is subject to TSX [...]

CANEX Metals Inc. is pleased to announce assay results for holes GR20-10 to 14 from the recent reverse circulation drilling program at the Company's Gold Range Project, Arizona. Highlights Hole GR20-13 intersected 0.6 g/t gold over 21.3 metres including 1.2 g/t gold over 7.6 metres starting 10.7 metres downhole. Hole GR20-9 located 150 metres west of hole GR20-13, intersected 0.9 g/t gold over 27.4 metres, while hole 8 [...]