Canadian International Minerals Inc Arranges Flow through Financing
24 August 2013 - 7:23AM
Access Wire
August 23, 2013
Trading Symbol CIN-TSX.V
The Company announces that it has
arranged, subject to TSX Venture Exchange acceptance, a private
placement of up to 3,000,000 flow-through units at a price of $0.05
per flow-through unit for total gross proceeds of up to $150,000.
Each unit consists of one flow-through common share and one
transferable share purchase warrant, each warrant exercisable into
one non flow-through common share for a period of two years from
the date of issue at a price of $0.05 per share in the first year
and $0.10 per share in the second year of the term of the
warrant.
The proceeds of the private placements will be used for
qualified exploration expenditures on the Company's minerals
properties.
ON BEHALF OF THE BOARD
Michael E. Schuss
President and Chief Executive Officer
For further information on
Canadian International Minerals Inc. please visit the Company
website at www.cdnintlminerals.com.
"Neither 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."
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