Canada Strategic Metals Announces Second Closing of $70,00

Press Releases |

MONTREAL, QUEBEC--(April 24, 2015) - Canada Strategic Metals Inc. ("Strategic Metals" or the "Company") ($CJC:CA) (FRANKFURT:YXEN) ($CJCFF) is pleased to announce that it has closed the second tranche of a non-brokered private placement, for an amount of $70,000.

The Company has issued 700,000 units of common shares at a price of $0.10 per unit, for gross proceeds of $70,000. 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.

The Company paid intermediary fees of $800, along with 8,000 compensation options entitling their holders to purchase 8,000 common shares of the Company at a price of $0.15 per share for a 24-month period following the 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.

The Company is pursuing its efforts in order to proceed to complete the private placement for up to $500,000.

The proceeds of this private placement will be used for working capital and for property development.

The private placement is subject to regulatory approval.

About Canada Strategic Metals

Canada Strategic Metals is an emerging company focused on the exploration and development of a number of projects 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.

 

Contact Information

  •  

    Jean-Sebastien Lavallée, P. Geo
    Chief Executive Officer
    819-354-5146

    Christophe Romary
    President
    514-913-7483

    Paradox Public Relations
    514-341-0408

    Momentum Public Relations Inc.
    450-332-6939
 

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Taranis Resources Inc.

Taranis Resources Inc is an exploration stage company. The Company along with its subsidiaries is engaged in the acquisition and exploration of mineral properties. Its projects include Thor Property in…

Private Markets

XY Find It

Founded by serial entrepreneur Arie Trouw, XY Findables follows a single guiding principle: customers should never lose anything important again. With over 50,000 users around the world, more than 100,000…

Trustify

Trustify provides trust and safety in both the digital and physical worlds through our vast network of on-demand Private Investigators.By removing the large retainers and high hourly rates that traditional…