CMC Metals Ltd.

Published : January 22nd, 2015

12,500,000 Unit Private Placement @ $0.04 per Unit

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Keywords :   Canada | Silver |

12,500,000 Unit Private Placement @ $0.04 per Unit


Vancouver, B.C.: CMC Metals Ltd. (the "Company") wishes to announce that it has agreed to issue up to 12,500,000 Units at $0.04 per unit, each unit consisting of one common share and one transferable share purchase warrant. One warrant will be exercisable for one additional common share at $0.05 per share for a two year period. The proceeds derived from the total 12,500,000 Unit placement will be used towards our current payables of approximately $300,000, our ongoing administrative costs of approximately $100,000, and our ongoing costs associate with the further development of the Company's Bishop Mill and Radcliff Property projects held in the US, and the Silver Hart Property held in Canada, of approximately $100,000. A finder's fees may payable in relation to this private placement. This transaction is subject to TSX Venture Exchange approval.

This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.

On behalf of the Board:

"Jack Bal"
Jack Bal, CEO
CMC METALS LTD.

For further information on the Company, please contact Mr. Jack Bal, CEO, Telephone: 604-306-5285 .

Information in this news release may contain forward looking information. Statements containing forward looking information express, as at the date of this news release, the Company's plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Company.

There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.

The forward-looking information contained in this news release is as of the date hereof and CMC Metals does not undertake any obligation to update publicly or to revise any of the included forward looking statements contained herein, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange)

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Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

CMC Metals Ltd.

DEVELOPMENT STAGE
CODE : CMB.V
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CMC Metals is a silver development stage company based in Canada.

CMC Metals develops silver, lead and zinc in Canada.

Its main asset in development is SILVER HART in Canada and its main exploration properties are BLACK HORSE (CHESCO CLAIMS), LOGJAM and WHEELBARROW PROPERTY in Canada.

CMC Metals is listed in Canada and in United States of America. Its market capitalisation is CA$ 1.2 millions as of today (US$ 885 348, € 827 004).

Its stock quote reached its highest recent level on January 07, 2011 at CA$ 2.94, and its lowest recent point on September 28, 2018 at CA$ 0.02.

CMC Metals has 34 650 000 shares outstanding.

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In the News and Medias of CMC Metals Ltd.
8/17/2009North to the yukon for Silver
Project news of CMC Metals Ltd.
4/15/2015Radcliff Property Update - 5510 Level adit reaches drill ind...
12/4/2013Posts Reclamation Bond for Bishop Mill and Hires Mill Manage...
3/1/2011(Black Horse (chesco Claims))Black Horse Mine ownership Transfer
2/11/2010(Silver Hart)YESAB Executive Committee Silver Hart Project Review
11/17/2009(Silver Hart)Status of NI43-101 Report on Silver Hart
Corporate news of CMC Metals Ltd.
7/27/2016Update on Bishop Mill Operations and Radcliff Property Joint...
6/23/2016CMC Metals Appoints Ian Graham as Chief Operating Officer
6/16/2016Closing of 15,500,000 Unit Private Placement at $0.10 per Un...
5/2/2016Update on 10,000,000 Unit Private Placement at $0.10 per Uni...
10/20/2015Change in Board of Directors
3/11/2015Bishop Mill/Radcliff Property Update
2/25/2015Increase and Closing of 12,500,000 Unit Private Placement @ ...
1/22/201512,500,000 Unit Private Placement @ $0.04 per Unit
1/22/2015Clarification concerning World Beater Property aka Radcliff ...
8/19/2009Request for Information
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TSX-V (CMB.V)OTHER OTC (CMCXF)
0.035-12.50%0.028+0.00%
TSX-V
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