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KELOWNA, BC, Aug. 6, 2025 /CNW/ - Cantex Mine Development Corp. (TSXV: CD) (OTCQB: CTXDF) (the "Company") is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement (the "Offering"). The first tranche of the Offering consisted of 4,839,999 charity flow through units ("CFT Units") at $0.21 per CFT Unit and 5,731,372 hard units ("Units") at $0.14 per Unit for total gross proceeds of $1,818,791.87. Each CFT Unit is comprised of one flow through share and one non-flow through warrant. Each Unit is comprised of one common share and one non-flow through warrant. Each whole warrant issued in connection with the Offering entitles the holder to acquire one common share at a price of $0.21 for a term of three years.
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