Canada Strategic Metals Reports a Partial Closing of its Private Placement
06 May 2014 - 4:22AM
Marketwired
Canada Strategic Metals Reports a Partial Closing of its Private
Placement
MONTREAL, QUEBEC--(Marketwired - May 5, 2014) - Canada Strategic
Metals Inc. ("Canada Strategic Metals" or "the Company")
(TSX-VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) announces that it
has closed on a portion of a non-brokered private placement, for an
amount of $574,500.
The Company has issued 5,745,000 units of common shares at a
price of $0.10 per unit, for gross proceeds of $574,500. Each unit
consists of one common share priced at $0.10 and half a warrant to
purchase a common share of the Company. Each warrant entitles its
holder to purchase one common share of the Company at $0.15 for a
24-month period after closing of 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.
Company insider subscribe for 500,000 units.
The Company is pursuing its efforts to complete this private
placement for up to $1,000,000.
Proceeds of the private placement will be used for property
development and/or working capital purposes.
About Canada Strategic Metals
Canada Strategic Metals is an emerging company focused on the
exploration and development of a number of projects covering over
20,000 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
Quebec Precious Metals (QB) (USOTC:CJCFF)
Historical Stock Chart
From Nov 2024 to Dec 2024
Quebec Precious Metals (QB) (USOTC:CJCFF)
Historical Stock Chart
From Dec 2023 to Dec 2024
