Canada Strategic Metals Announces Private Placements
April 22 2014 - 9:42AM
Marketwired
Canada Strategic Metals Announces Private Placements
MONTREAL, QUEBEC--(Marketwired - Apr 22, 2014) - Canada
Strategic Metals Inc. ("Canada Strategic Metals" or "the Company")
(TSX-VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) announces that it is
currently arranging non-brokered private placement for up of
$1,000,000 consisting in:
- Private placement of Unit common shares.
The Company is proposing to issue 10,000,000 common shares Units
at a cost of $0.10 per Unit. Each Unit includes one common share at
a price of $0.10 per share and one-half common share purchase
warrants of the Corporation. Each warrant entitles the holder
thereof to purchase one common share of the Corporation for a
period of 24 months at a price of $0.15 per share.
Finders' fees of 7% of the gross proceeds of the offering may be
paid in cash and in non-transferable finder's fees warrants.
The above-mentioned private placements are subject to the
approval of the TSX Venture Exchange.
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
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