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Canamex Resources Announces Further Financing from Hecla Mining Company to Maintain its Position
Published : December 18, 2012
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 18, 2012) - Canamex Resources Corp. ("Canamex" or the "Company") (TSX VENTURE:CSQ)(OTCQX:CNMXF)(FRANKFURT:CX6) announces that pursuant to the terms of an Ancillary Rights Agreement with Hecla Canada Ltd. ("Hecla"), a wholly owned subsidiary of Hecla Mining Company, Hecla has subscribed for an additional 141,911 common shares (the "Shares") of the Company at $0.15 per share for gross proceeds of $21,286.65 in order to maintain its percentage interest in Canamex (refer to News Releases November 19 and 21, 2012 for particulars of the Ancillary Rights Agreement and prior financing with Hecla). Hecla's subscription for the Shares was triggered by the recent issuance of a total of 1,200,000 shares from the exercise, at a price of $0.15 per share, of share purchase warrants during the period November 21, 2012 to December 11, 2012.

The Shares, when issued, will be subject to a statutory four month hold period in Canada. However, Hecla has agreed that it will be restricted from selling the Shares for a period of 12 months following closing of the equity financing between Canamex and Hecla which occurred on November 21, 2012, except as may otherwise be approved by Canamex or in relation to any takeover bid made by a third party not acting in concert with Hecla.

As Hecla is an insider of the Company, the issuance of the Shares will constitute a related party transaction under applicable Canadian securities laws (the "Related Party Transaction"). All of the independent directors of the Company, acting in good faith, have determined that the fair market value of the securities being issued and the consideration paid is reasonable and, as the value of the Related Party Transaction is less than 25% of the Company's market capitalization, the transaction is exempt from the formal valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions.

This financing is subject to receipt of acceptance by the TSX Venture Exchange. A further News Release will be disseminated on closing.

ON BEHALF OF THE BOARD

Robert Kramer, CEO and Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Canamex Resources Corp.
Robert Kramer
(604) 336-8621
www.canamex.us
or
Renmark Financial Communications Inc.
Erica Lomonaco
(514) 939-3989 or (416) 644-2020
elomonaco@renmarkfinancial.com
or
Renmark Financial Communications Inc.
Barbara Komorowski
(514) 939-3989 or (416) 644-2020
bkomorowski@renmarkfinancial.com
www.renmarkfinancial.com
Companies Mentionned : Canamex Resources | Hecla Mining | Total |
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Canamex Resources Corp.

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CODE : CSQ.V
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Financings of Canamex Resources Corp.
12/27/2012Announces Closing of Financing with Hecla Canada Ltd.
12/18/2012Announces Further Financing from Hecla Mining Company to Mai...
9/18/2012Reduces Exercise Price of Warrants
4/29/2011Closes $262,500 Private Placement
4/8/2011Announces Negotiation of $262,500 Financing
4/4/2011Closes $750,000 Private Placement
Option Grants of Canamex Resources Corp.
2/14/2013Retains Two Investor Relations Consultants
3/10/2011Appoints New President and CEO, and Announces $750,000 Priva...
10/19/2010Grants 2.500.000 Stock Options at $ 0.10, Pursuant to 10% Ro...
Nominations of Canamex Resources Corp.
7/31/2013Welcomes Hecla Mining Company's Dr. Dean McDonald to Its Boa...
9/12/2012Announces Appointment of Officers Following AGM Held Septemb...
Project news of Canamex Resources Corp.
10/22/2010(Bruner Gold Deposit)Canamex Initiates Drilling at Bruner Gold/Silver Project, Ne...
7/28/2010(Bruner Gold Deposit)N 43-101 Technical report
Corporate news of Canamex Resources Corp.
10/25/2013Reports Positive Geophysical Survey Results at Bruner Gold P...
10/15/2013Reports Drilling Progress on the Bruner Gold Project, Nye Co...
8/21/2013Intersects 9.1 Meters of 7.2 G/Tonne Gold (30 Feet of 0.210 ...
8/15/2013Adds to Its Land Position at the Bruner Gold Project, Nye Co...
7/17/2013Intersects 21.3 Meters of 4.27 G/Tonne Gold (70 Feet of 0.12...
6/14/2013Adopts Advance Notice Policy
6/7/2013Announces Further Positive Drill Results and Plans to Test H...
4/23/2013Intersects 91 Meters of 3.1 G/Tonne Gold (300 Feet of 0.090 ...
3/19/2013Announces Positive Cyanide Leach Test Results From the Brune...
3/11/2013Announces Commencement of RC Drill Program at the Bruner Gol...
2/4/2013Conference Call Scheduled for Tuesday February 5, 2013 at 1:...
2/4/2013Shares Issued Pursuant to Aranka North Property Option Agree...
1/30/2013Announces 2012 Drilling Results and 2013 Exploration Plans f...
1/16/2013Announces Formation of Technical Advisory Committee
1/8/2013on Status of Projects
11/21/2012Announces Closing of $2.52 Million Strategic Investment from...
11/21/2012Announces Closing of $2.52 Million Strategic Investment from...
11/19/2012Announces $2,520,000 Strategic Investment From Hecla Mining ...
10/2/2012Intersects 172 feet (52.4 meters) Averaging 0.064 opt (2.21 ...
10/2/2012Intersects 172 feet (52.4 meters) Averaging 0.064 opt (2.21 ...
9/25/2012Grants Stock Options
9/18/2012Announces Appointment of Chief Geologist to Manage Drilling ...
9/10/2012Final Column Leach Results Return +85% Gold Extraction for t...
7/7/2011Announces Change of Directors and Stock Option Grant
7/6/2011and GMV Enter into Option Agreement on Large Prospective Gol...
5/24/2011Commences 2011 Exploration Program at Bruner Gold-Silver Pro...
2/22/2011Confirms Bruner Potential
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TSX-V (CSQ.V)
0.135+3.85%
TSX-V
CA$ 0.135
11/21 15:45 0.010
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