Junior Cambiex Exploration has filed a preliminary prospectus with the Quebec Securities Commission for an offering of 5,000 units at $1,000 per unit. Each unit consists of 800 flow-through shares and 200 common shares, at $1 per share.
Acting as promoter for Cambiex is gold-producer Cambior (TSE), which will own about 40.5% of the outstanding shares of Cambiex once all the shares comprising the units are issued. The agent for the offering is investment dealer Levesque Beaubien Geoffrion.
Cambiex is planning to explore several properties in northwestern Quebec.
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