Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Early Warning Press Release

TORONTO, Oct. 16, 2020 (GLOBE NEWSWIRE) -- Northfield Capital Corporation (the “Acquiror”) announces that it has disposed of ownership and control of 15,000 common shares (the “Subject Shares”) of Cantex Mine Development Corp. (the “Company”), 203 – 1634 Harvey Ave., Kelowna, BC, V1Y 6G2 on October 15, 2020, representing approximately 0.03% of all issued and outstanding common shares of the Company as of October 15, 2020.  As a result of the disposition of the Subject Shares, the Acquiror no longer holds over 10% of the issued and outstanding common shares of the Company on a partially diluted basis.

Immediately before the transaction described above, the Acquirer held an aggregate of 3,457,100 common shares of the Company and convertible securities entitling the Acquirer to acquire an additional 1,452,500 common shares of the Company (the “Warrants”), representing approximately 6.82% of the issued and outstanding common shares of the Company as of October 15, 2020 (or approximately 9.42% assuming exercise of the Warrants only).  Upon completion of the transaction described above, the Acquirer owns and controls an aggregate of 3,442,100 common shares of the Company (the “Owned Shares”) and the 1,452,500 Warrants, representing approximately 6.79% of the issued and outstanding common shares of the Company as of October 15, 2020 (or approximately 9.39% assuming exercise of the Warrants only). 

Immediately before the transaction described above, the Acquiror and its joint actor held an aggregate of 3,659,000 common shares of the Company and Warrants entitling the Acquirer and its joint actor to acquire an additional 1,577,500 common shares of the Company.  Of these totals, 3,457,100 common shares and 1,452,500 Warrants were held by the Acquiror directly, and 201,900 common shares and 125,000 Warrants were held by its joint actor, representing approximately 7.22% of the issued and outstanding common shares of the Company as of October 15, 2020 (or approximately 10.02% assuming exercise of the Warrants only). Upon completion of the transaction described above, the Acquiror, together with its joint actor, own and control an aggregate of 3,644,000 common shares of the Company and Warrants entitling the Acquirer and its joint actor to acquire an additional 1,577,500 common shares of the Company. Of these totals, 3,442,100 common shares and 1,452,500 Warrants were held by the Acquiror directly, and 201,900 common shares and 125,000 Warrants were held by its joint actor, representing approximately 7.19% of the issued and outstanding common shares of the Company as of October 15, 2020 (or approximately 9.99% assuming exercise of the Warrants only).

The Subject Shares were disposed of through the facilities of the TSX Venture Exchange.  The holdings of securities of the Company by the Acquirer and its Joint Actor are managed for investment purposes, and the Acquirer and its Joint Actor could increase or decrease their investments in the Company at any time, or continue to maintain their current investment position, depending on market conditions or any other relevant factor. The aggregate consideration received for the Subject Shares was $17,400.00, calculated as an aggregate of 15,000 Subject Shares sold at a price of $1.16 per common share.

The Acquiror’s head office is located at Suite 301 – 141 Adelaide St. W., Toronto, ON, M5H 3L5.

Additional Information

A copy of the early warning report filed in connection with the matters set forth above may be obtained by contacting:

Michael G. Leskovec, CPA CA
141 Adelaide Street West, Suite 301
Toronto, Ontario  M5H 3L5
Tel: 647-794-4360

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).