Hecla Buys Interest in Canamex Resources; 14M Shares at C$0.18/Share
Canamex Resources Corp. is pleased to announce that it has entered into an agreement pursuant to which Hecla Canada Ltd., a wholly-owned subsidiary of Hecla Mining Company (NYSE: HL), has agreed to acquire 14,000,000 common shares of Canamex to be issued at a price of $0.18 per share for gross proceeds of $2,520,000 (the "Financing"). The issue price is equal to the 20-day volume-weighted average trading price of the Company's shares at the time pricing was negotiated by the parties.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.