October 18, 2016 / 1:22 PM / 9 months ago

BRIEF-Cantex reports commencement of drilling, private placement

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Oct 18 (Reuters) - Cantex Mine Development Corp :

* Cantex Mine Development Corp announces commencement of drilling, private placement

* Cantex - intends to proceed with a private placement of its securities so as to raise up to $1 million

* Says proceeds of offering will be used on company's North Rackla project and for general working capital Source text for Eikon: Further company coverage:

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