Canadian Mining Corp. Warrant Exercises & Business Update
June 07 2018 - 9:15AM
Canadian Mining Corp. (TSXV:CNG) (“
Canadian
Mining” or the “
Company”) is pleased to
announce that 6,024,665 warrants that were set to expire on May 29,
2018 have been exercised for gross proceeds to the Company of
$1,506,166.25.
The Company would like to take this opportunity
to update its shareholders on the change of business through the
acquisition of Cannabis Permits and Licenses in California
(1145411BC Ltd.) announced December 18, 2017. As part of that
change of business, the Company is required to transfer from the
Toronto Stock Exchange-Venture Exchange (“TSX.V”)
to the Canadian Securities Exchange (“CSE”). On
May 30, 2018 the Company received Conditional Approval from the CSE
for listing on that exchange. The Company is currently in the
process of meeting the final conditions and providing the CSE with
additional documentation in order to make the final application to
list and trade on the CSE.
In addition to the transfer to the CSE, the
directors of the Company have elected to change the Company’s
auditors from Crowe MacKay LLP, Chartered Professional Accountants
to D&H Group LLP, Chartered Professional Accountants as of June
4th, 2018, to better reflect the Company’s new business moving
forward.
About Canadian Mining Corp.
Canadian Mining Corp. announced a change of
business through the acquisition of cannabis permits and licenses
in California; see news release dated December 18, 2018 or view on
SEDAR. Simultaneous with the change of business into the cannabis
sector, the Board of Directors continues to actively pursue new
opportunities for project generation and continued financing.
ON BEHALF OF THE BOARD OF DIRECTORS
Brian G. Thurston, President
For further information please contact: Brian G. Thurston
Canadian Mining Corp. Phone: 778-928-6565
Neither 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.
Some statements in this news release contain
forward-looking information. These statements include, but are not
limited to, statements with respect to future expenditures. These
statements address future events and conditions and, as such,
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements to
be materially different from any future results, performance or
achievements expressed or implied by the statements. Such factors
include, among others, the ability to complete contemplated work
programs and the timing and amount of expenditures. Canadian Mining
does not assume the obligation to update any forward-looking
statement.
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