Critical Elements Corporation

Published : May 18th, 2016

2016-05-18 Critical Elements announces $5 million bought deal common share financing

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Keywords :   Cash | Georgia | Lithium | Paradox | Tantalum |

2016-05-18 Critical Elements announces $5 million bought deal common share financing

May 18, 2016 - Montreal, Quebec - Critical Elements Corporation
('Critical Elements' or the 'Company') (TSX-V: CRE) (US OTCQX: CRECF) (FSE: F12) is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. (the 'Underwriter'), to sell 14,000,000 common shares (the 'Common Shares') on a bought deal private placement basis at a price of C$0.37 per share for gross proceeds of C$5,180,000 (the 'Offering'). In addition, the Company will grant the Underwriter an over-allotment option, exercisable prior to the closing of the Offering, to purchase from the Company up to an additional 2,750,000 common shares at C$0.37 per share to raise additional gross proceeds of up to C$1,017,500.

The Underwriter will receive a cash commission of 7% of the gross proceeds raised, and non-transferable share purchase warrants entitling the Underwriter to purchase, at the price of the Offering within 24 months after closing of the Offering, Common Shares equal to 7% of the aggregate number of securities sold pursuant to the Offering. Canaccord Genuity will also be issued an additional 200,000 Common Shares as a corporate finance fee.

The Company intends to use the net proceeds for exploration and development of the Company's projects and for general worKing capital purposes.

Closing of the Offering is anticipated to occur on or before June 7, 2016 and is subject to receipt of applicable regulatory approvals including approval of the TSX Venture Exchange. Securities issued under the Offering and through the over-allotment option will be subject to a four month hold period which will expire four months from the date of closing.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the 'U.S. Securities Act') or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Critical Elements Corporation
A recent financial analysis (Technical Report and Preliminary Economic Assessment (PEA) on the Rose lithium-Tantalum Project, Genivar, December 2011) of the Rose project based on price forecasts of US$260/kg ($118/lb) for TaO contained in a tantalite concentrate and US$6,000/t for lithium carbonate (LiCO) showed an estimated after-tax Internal Rate of Return (IRR) of 25% for the Rose project, with an estimated Net Present Value (NPV) of CA$279 million at an 8% discount rate. The payback period is estimated at 4.1 years. The pre-tax IRR is estimated at 33% and the NPV at $488 million at a discount rate of 8%. (Mineral resources are not mineral reserves and do not have demonstrated economic viability). (The preliminary economic assessment is preliminary in nature). (See press release dated November 21, 2011.)

The conclusions of the PEA indicate the operation would support a production rate of 26,606 tons of high purity (99.9% battery grade) LiCO and 206,670 pounds of TaO per year over a 17-year mine life.

The project hosts a current Indicated resource of 26.5 million tonnes of 1.30% LIO Eq. or 0.98% LIO and 163 ppm TaO and an Inferred resource of 10.7 million tonnes of 1.14% LIO Eq. or 0.86% LIO and 145 ppm TaO.

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

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.

Read the rest of the article at www.publicnow.com
Data and Statistics for these countries : Georgia | All
Gold and Silver Prices for these countries : Georgia | All

Critical Elements Corporation

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CODE : CRE.V
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Critical Elements is an exploration gold 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$ 125.8 millions as of today (US$ 96.7 millions, € 81.1 millions).

Its stock quote reached its lowest recent point on August 14, 2009 at CA$ 0.07, and its highest recent level on December 15, 2017 at CA$ 1.86.

Critical Elements has 148 030 000 shares outstanding.

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Annual reports of Critical Elements Corporation
Annual Report 2007
Financings of Critical Elements Corporation
2/21/2013Arranges Non-Brokered Private Placement
4/1/2011ANNOUNCES FINAL CLOSING OF ITS FINANCING
3/4/2011Reports a Partial Closing of its Financing
6/12/2008arranging non-brokered private placements for up of $1,750,0...
Nominations of Critical Elements Corporation
12/1/2010Appointment of Michel Robert and Jean Rainville as directors...
2/15/2008announce the appointment of Mr. Patrick Bradley
Project news of Critical Elements Corporation
6/9/2011INTERSECTS 1.29% LI20 AND 275 PPM TA2O5 OVER 5.90 METRES NEA...
5/26/2011(Rose (lac Pivert))INTERSECTS 1.64% LI20 AND 226 PPM TA2O5 OVER 9.20 METRES NEA...
4/28/2011(Rose (lac Pivert))INTERSECTS UP TO 1.60% LI2O, 427 PPM TA2O5, 749 PPM BEO, 5,1...
3/20/2011(Rose (lac Pivert))Discovers a New Zone in Drilling on the Rose Deposit
2/22/2011(J6l1)Acquires Eight Rare Earth and Tantalum-Niobium Projects
2/9/2011(Rose (lac Pivert))Drilling Leads to New Tantalum Discovery on Pivert/Rose
2/2/2011(Rose (lac Pivert))Pre-Feasibility Study Underway for the Rose Deposit
6/3/2010(Rose (lac Pivert))Intersects 1.24% Li2O, 3,532 g/t Rubidium, 208 ppm Ta2O5, 16...
3/27/2008(Croinor)Start a Follow-Up Diamond Drill Program at Croinor
1/24/2008(Croinor)RESOURCE ESTIMATE ON CROINOR
Corporate news of Critical Elements Corporation
8/8/2016Discovery of a pegmatite traced over more than 700 metres on...
8/8/2016Discovery of a pegmatite traced over more than 700 metres on...
8/8/2016Discovery of a pegmatite traced over more than 700 metres on...
8/1/2016Quarterly Activities Report - 30 June 2016
8/1/2016Activities Report to 30 June 2016
7/6/20162016-07-06 Critical Elements (TSXV: CRE) and Natan (TSXV: NR...
7/6/20162016-07-06 Critical Elements (TSXV: CRE) and Natan (tsxv: nr...
6/28/20162016-06-28 Critical Elements Corporation announces strategic...
6/2/20162016-06-02 Critical Elements announces closing of $6 million...
5/18/20162016-05-18 Critical Elements announces $5 million bought dea...
5/6/20162016-05-06 Lepidico exercised Lemare option
5/6/2016Lemare Option Exercised
5/2/2016Activities Report to 31 March 2016
4/28/2016CRITICAL ELEMENTS (TSXV: CRE.V) AND LOMIKO (TSXV: LMR.V) TO ...
4/28/20162016-04-28 Critical Elements (tsxv: cre) and lomiko (tsxv: l...
9/9/20152015-09-09 Critical Elements signs with strategic partner fo...
9/9/2015CORRECTION FROM SOURCE/Critical Elements Signs With Strategi...
9/8/20152015-09-08 Critical Elements signs with strategic partner fo...
9/8/2015IIROC Trading Resumption - CRE
9/8/2015Critical Elements Signs With Strategic Partner for: Off-Take...
9/3/2015IIROC Trading Halt - CRE
6/18/2015Critical Elements Corporation: Annual Meeting
6/16/2015Critical Elements Announces a Closing of $600,300
6/16/20152015-06-16 Critical Elements announces a closing of $600,300
1/16/2015Options Granted
1/16/2015Critical Elements Corporation: Options Granted
12/22/20142014-12-22 Critical Elements announces second closing of $16...
12/22/2014Critical Elements Announces Second Closing of $165,000
12/2/20142014-12-02 Critical Elements announces first closing of $300...
12/2/2014Critical Elements Announces First Closing of $300,000
10/1/2014Critical Elements Confirms the Economic Potential Value of M...
8/14/2014Critical Elements Receives Positive Material Testing Results...
8/7/2014Critical Elements Corporation: Matthew Lauriston Starnes App...
8/5/2014Critical Elements Corporation Achieves Lithium Carbonate Pur...
6/13/2014Critical Elements Corporation: Annual Meeting
5/14/2014Critical Elements Corporation Sends Samples of Lithium Conce...
5/13/2014Critical Elements Corporation Closes the Sale of the Croinor...
9/23/2013Reports Robust Tantalum Recoveries in Optimization Batch Tes...
9/5/2013Reports Positive Optimization Metallurgical Test Results Wit...
9/5/2013Reports Positive Optimization Metallurgical Test Results Wit...
8/6/2013Retains SGS Mineral Services in Lakefield to Complete Optimi...
4/11/2013Hires Paradox for IR
3/19/2013Announces Closing of Second Tranche of $604,000
2/12/2013Discovers Extension of JR Zone at 500 Meters West With High ...
11/12/2012Announces Pre-Development Agreement With the Grand Council o...
9/11/2012is Proud to Name Ron MacDonald as Executive Chairman and to ...
7/12/2011Initiates the Environmental Impact Assessment for the Rose T...
5/18/2011Environmental Study
3/9/2011New OTCQX Stock Symbol
2/17/2011First Gold Changes its Name to Critical Elements
4/4/2008Breaking news
3/24/2008Announce that is has started the application process for a F...
3/17/2008Increased by 50,000 the number of common shares
2/28/2008Announce the nomination of Mr. Denis Simoneau as Chairman
2/8/2008Increased by 479,550 the number of common shares
1/31/2008Announce that Mr. Eric Leboeuf has been appointed President ...
12/20/2007Breaking news
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