Canada Strategic Metals Closes a Private Placement for $97,000
24 December 2013 - 7:59AM
Marketwired
Canada Strategic Metals Closes a Private Placement for $97,000
MONTREAL, QUEBEC--(Marketwired - Dec 23, 2013) - Canada
Strategic Metals Inc. ("Canada Strategic Metals" or the "Company")
(TSX-VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) is pleased to
announce the closing of its private placement consisting of 97
flow-through Units issued at a price of $1,000 per Unit for total
gross proceeds of $97,000, with each Unit consisting of 12,000
flow-through common shares at a price of $0.075 and 2,000 common
shares at a price of $0.05 per share.
The Company paid intermediary fees of $3,600, along with 50,400
compensation options entitling their holders to purchase 50,400
common shares of the Company at a price of $0.075 per share for a
12-month period following the closing of the private placement. One
member of the pro group purchased seven units for $7,000 under the
private placement.
All the securities issued under the private placement are
subject to a mandatory hold period of four months plus one day
following the closing of the private placement.
The proceeds of this private placement will be used for
exploration expenses on its current projects.
About Canada Strategic Metals
Canada Strategic Metals is an emerging company focused on the
exploration and development of a number of projects covering over
60,000 hectares in Quebec. With broad management experience in
green technology and junior resource exploration and development,
Canada Strategic Metals is well positioned to aggressively advance
this promising property portfolio for its shareholders.
For more information on the Company, please visit
www.csmetals.ca.
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.
Jean-Sebastien Lavallee, P. GeoPresident & Chief Executive
Officer819-354-5146Paradox Public Relations514-341-0408
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