Azincourt Energy

Cantex Announces Commencement of Drilling, Private Placement

KELOWNA, BC, Oct. 18, 2016 - Cantex Mine Development Corp. (CD: TSXV) (the "Company")  Further to its news release of October 11, 2016 the Company announces that, weather permitting, drilling will commence on its North Rackla Project in the Yukon within the next two days.

The Company also announces that it intends to proceed with a private placement of its securities so as to raise up to $1,000,000 (the "Offering"). The Offering will be comprised of a combination of flow through shares (the "FT Shares") at $0.07 per FT Share and non-flow through units (the "Units") at a price of $0.07 per Unit.

Each Unit will consist of one non flow-through common share (a "Share") and one half of a common share purchase warrant in the capital of the Company (each whole warrant, a "Warrant").  Each Warrant is exercisable into one Share for a period of 24 months from closing at a price of $0.10 per Share.

Proceeds of the Offering will be used on the Company's North Rackla Project and for general working capital.

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FireFox Gold

Firefox Gold

Firefox Gold is a mineral exploration company with a tight share structure and accomplished management team. The Company is focused on finding gold deposits in Finland, which is ranked as one of the top mining jurisdictions globally. FireFox is actively exploring a strategic property portfolio of over 150,000 hectares which includes properties near Agnico Eagle Mines and Aurion Resources. In 2019 the Company identified major gold-bearing structures and drilled... LEARN MORE

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