May 31 (Reuters) - Cantex Mine Development Corp CD.V :
* CANTEX ANNOUNCES CONSOLIDATION / PRIVATE PLACEMENT
* CANTEX MINE DEVELOPMENT CORP - INTENDS TO CONSOLIDATE ISSUED AND OUTSTANDING COMMON SHARES OF CO ON A 10 FOR 1 BASIS
* CANTEX MINE DEVELOPMENT - TO UNDERTAKE A POST CONSOLIDATION PRIVATE PLACEMENT TO RAISE GROSS PROCEEDS OF UP TO $1.75 MILLION