Press release from Marketwire
Canada Strategic Metals Closes a Private Placement for $97,000
Monday, December 23, 2013
Canada Strategic Metals Closes a Private Placement for $97,00015:59 EST Monday, December 23, 2013
MONTREAL, QUEBEC--(Marketwired - Dec. 23, 2013) - Canada Strategic Metals Inc. ("Canada Strategic Metals" or the "Company") (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) is pleased to announce the closing of its private placement consisting of 97 flow-through Units issued at a price of $1,000 per Unit for total gross proceeds of $97,000, with each Unit consisting of 12,000 flow-through common shares at a price of $0.075 and 2,000 common shares at a price of $0.05 per share.
The Company paid intermediary fees of $3,600, along with 50,400 compensation options entitling their holders to purchase 50,400 common shares of the Company at a price of $0.075 per share for a 12-month period following the closing of the private placement. One member of the pro group purchased seven units for $7,000 under 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 proceeds of this private placement will be used for exploration expenses on its current projects.
About Canada Strategic Metals
Canada Strategic Metals is an emerging company focused on the exploration and development of a number of projects covering over 60,000 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Jean-Sebastien Lavallee, P. Geo
President & Chief Executive Officer
Paradox Public Relations