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| Home : Carmax Announces a $1,500,000 Flow-Through Financing |
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Dec 22
2015 |
Carmax Announces a $1,500,000 Flow-Through Financing |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 21, 2015) - Carmax Mining Corp. ("Carmax" or the "Company") (TSX VENTURE:CXM) is pleased to announce that it has arranged a $1,500,000 flow-through financing (the "Offering") with Northern Fox Copper Inc. ("Northern Fox"), a wholly owned subsidiary of Copper Fox Metals Inc. ("Copper Fox") (TSX VENTURE:CUU). The Offering will consist of the placement of 30,000,000 flow-through common shares at a price of $0.05 per common share. The flow-through common shares will be 100% eligible for "Canadian Exploration Expenses" (CEE) as defined by the Income Tax Act (Canada). Following the completion of the Offering Northern Fox will own on an undiluted basis 65.4% of the outstanding shares of Carmax and 68.2% on a fully diluted basis. |
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| Source:http://www.marketwired.com/mw/release.do?id=2083936&sourceType=3 |
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