Canamex Silver Corp.
TSX VENTURE : CSQ.H

March 31, 2010 14:15 ET

Canamex Closes $500,000 Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 31, 2010) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Canamex Silver Corp. (the "Company") (TSX VENTURE:CSQ.H) announces that it has closed the private placement announced in a News Release dated March 1, 2010. On March 30, 2010 the Company received acceptance from the TSX Venture Exchange to close the private placement.

In accordance with the provisions of the Subscription Agreements, on March 31, 2010, the Company issued a total of 10,000,000 Units at $0.05 per Unit, each Unit consisting of one common share and one-half share purchase warrant, each whole warrant entitling the holder to purchase one (1) additional common share at $0.15 per share on or before March 30, 2011.

These shares and any shares issued on exercise of the warrants will be subject to a hold period under applicable Canadian securities laws expiring on August 1, 2010, and will be subject to such further restrictions on resale as may apply under applicable foreign securities laws.

ON BEHALF OF THE BOARD

"Basil Pantages"

Basil Pantages, President

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.

Contact Information

  • Canamex Silver Corp.
    Basil Pantages
    President
    (604) 718-2800
    (604) 718-2808 (FAX)