CPS Canadian Premium Sands Inc

Claim Post Resources Inc. (TSX VENTURE:CPS) (the "Company") announces that it
has completed the first tranche of its previously announced private placement
financing, as described in its news release dated Sept. 11, 2012, pursuant to
which it has issued a total of 11,000,000 common shares for total gross proceeds
of $1,100,000. The Company expects to close additional tranches of the financing
in coming weeks. 


In connection with the closing of the first tranche of the financing, the
Company paid total cash commissions of approximately $77,000 and issued a total
of 770,000 finder warrants, with each finder warrant exercisable into one share
at a price of $0.10 per share in year one and $0.15 per share in the second
year, expiring 24 months from the date of closing of the Offering. 


The proceeds from the first tranche of the financing shall be used to make the
initial payment of $800,000 to Char-Crete Ltd. for the $1,500,000 acquisition of
the silica sand quarry project located near Seymourville, 200km NE of Winnipeg,
Manitoba (Canada) (see news release of August 27, 2012), and for general working
capital purposes. 


All securities issued in connection with the financing will be subject to a
statutory four-month hold period. None of the securities sold in connection with
the financing will be registered under the U.S. Securities Act of 1933, as
amended, and may not be offered or sold in the United States absent registration
or an applicable exemption from the registration requirements. This news release
shall not constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of the securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful. 


Claim Post Resources intends to maintain its exploration properties in Timmins,
Ontario which are highly prospective for both gold and base metals. The Company
continues to seek joint venture partners and strategic arrangements with other
companies in the industry to advance the exploration of the large Timmins land
holdings. 


Claim Post Resources Inc. is a Canadian based mineral exploration company and a
reporting issuer in Ontario, Alberta and British Columbia. The Company currently
holds a 100% interest in the mineral rights to about 1145 staked claim units and
63 patented claims (approx. 200 km sq. or 72 sq. miles), wholly within the city
limits of Timmins, Ontario. The Company continues to stake ground as it becomes
available. There are 47,163,831 common shares of the Company issued and
outstanding.


Statements in this release that are forward-looking reflect the Company's
current views and expectations with respect to its performance, business, and
future events. Such statements are subject to various risks and assumptions,
some, but not necessarily all, are disclosed elsewhere in the Company's periodic
filings with Canadian securities regulators. Such statements and information
contained herein represent management's best judgment as of the date hereof
based on the information currently available; however actual results and events
may vary significantly. The Company does not assume the obligation to update any
forward-looking statement.

Canadian Premium Sands (TSXV:CPS)
Historical Stock Chart
From Jan 2025 to Feb 2025

Canadian Premium Sands (TSXV:CPS)
Historical Stock Chart
From Feb 2024 to Feb 2025