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VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 13, 2016) - Callinex Mines Inc. (the "Company" or "Callinex") (TSX VENTURE:CNX)(OTCQX:CLLXF) is pleased to announce that it has closed an oversubscribed $4.2 million non-brokered private placement financing (the "Financing"). The Financing was increased in size from an initial $1.0 million to $2.75 million before ultimately closing at $4.2 million based on strong investor demand (See news releases dated April 25, April 26, May 4 and May 12 2016). Closing of the Financing occurred in two tranches with $3.489 million of the Financing closing on May 11, 2016 and $710,675 of the Financing closing on May 13, 2016. The proceeds from the Financing will be used to facilitate exploration and for general corporate purposes. |
