Cornerstone Metals Inc. Announces Non-Brokered Private Placement
March 25 2014 - 3:05PM
Marketwired
Cornerstone Metals Inc. Announces Non-Brokered Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 25, 2014) -
Cornerstone Metals Inc. (TSX-VENTURE:CCC) ("Cornerstone" or the
"Company") wishes to announce a non-brokered private placement
pursuant to which it will issue up to 3,000,000 units at a price of
$0.05 per unit for gross proceeds of up to $150,000. Each unit will
consist of one common share and one transferable share purchase
warrant. Each warrant will be exercisable to purchase one
additional common share at an exercise price of: $0.05 in the first
six (6) months after issuance of the warrants, $0.075 in the period
from six (6) months to twelve (12) months after issuance of the
warrants, and $0.10 in the period from twelve (12) months to twenty
four (24) months after issuance of the warrants. If during the
exercise period of the warrants, subsequent to the expiry of the
regulatory 4 month hold period, the closing price of the Company's
common shares is at least $0.15 per share for 20 consecutive
trading days, the Company may accelerate the expiry time of the
warrants to 20 calendar days from the date written notice is
provided to the warrant holders.
Proceeds from the private placement will be used for general
working capital.
The Company may pay a finder's fee to eligible finders in
accordance with regulatory policies.
The private placement is subject to TSX Venture Exchange
approval.
In addition, the Company is looking for partners on its
properties.
On Behalf of Cornerstone Metals Inc.
Paul Cowley, President and CEO
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.
Cornerstone Metals Inc.Paul
Cowley604-340-7711pcowley@cornerstonemetals.cawww.cornerstonemetals.ca
Cornerstone Metals Inc. (TSXV:CCC)
Historical Stock Chart
From May 2024 to Jun 2024
Cornerstone Metals Inc. (TSXV:CCC)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Cornerstone Metals (delisted) (TSX Venture Exchange): 0 recent articles
More Cornerstone Metals News Articles