| 2014-12-22 Critical Elements announces second closing of $165,000 | |
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December 22, 2014 - Montreal, Quebec - Critical Elements Corporation (TSX.V: CRE) (US OTCQX: CRECF) (FSE: F12) is pleased to announce that it has closed the second tranche of a non-brokered private placement, for an amount of $165,000.
The Company has issued 660,000 units of common shares at a price of $0.25 per share for gross proceeds of $165,000. Each unit consists of one common share priced at $0.25 and one half of one purchase warrant. Each whole purchase warrant entitles the holder thereof to purchase one common share of the Corporation for a period of 36 months at a price of $0.35 per share.
The Company paid Mackie Research Capital intermediary fees of $5,200, along with 20,800 compensation options entitling their holders to purchase 20,800 common shares of the Company at a price of $0.35 per share for a 36-month period following the closing of the private placement.
All the securities issued under the private placement are subject to a mandatory hold period of four months plus one day following the closing of the private placement.
The proceeds of this private placement will be used for worKing capital.
The private placement is subject to regulatory approval.
FOR MORE INFORMATION:
Jean-Sébastien Lavallée, P.Geo.
President and Chief Executive Officer
819-354-5146
[email protected]
www.cecorp.ca
Investor Relations:
Paradox Public Relations
514-341-0408
The Howard Group Inc.
Jeff Walker
Senior Associate
1-888-221-0915
[email protected]
www.howardgroupInc.com
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
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Critical Elements Corporation
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EXPLORATION STAGE |
CODE : CRE.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Critical Elements is a gold exploration company based in Canada. Critical Elements holds various exploration projects in Canada. Its main exploration properties are MATCHI-MANITOU, ROSE (LAC PIVERT), CROINOR, GATINEAU, LAC SAVIGNY NE and MELASSE in Canada. Critical Elements is listed in Canada. Its market capitalisation is CA$ 131.7 millions as of today (US$ 96.4 millions, € 90.1 millions). Its stock quote reached its lowest recent point on August 14, 2009 at CA$ 0.07, and its highest recent level on February 10, 2023 at CA$ 3.03. Critical Elements has 148 030 000 shares outstanding. |