| Canada Strategic Metals announces closing of $205,000 private placement | |
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Montreal, Quebec - April 5, 2016- Canada Strategic Metals Inc. ('CS Metals' or 'the Company') (TSX.V: CJC; FSE: YXEN; OTC-BB: CJCFF)is pleased to announce that it has closed a non-brokered private placement, for an amount of $205,000.
The Company has issued 4,100,000 common shares at a price of $0.05 per share, for gross proceeds of $205,000.
All the securities issued under the private placement are subject to a mandatory hold period of four months plus one day following the closing of the private placement.
The proceeds of this private placement will be used for working capital and for property development.
The private placement is subject to regulatory approval.
About Canada Strategic Metals
Canada Strategic Metals is an emerging company focused on the exploration and development of a number of projects covering over 20,000 hectares in Quebec. With broad management experience in green technology and junior resource exploration and development, Canada Strategic Metals is well positioned to aggressively advance this promising property portfolio for its shareholders.
For more information on the Company, please visit www.csmetals.ca.
Jean-Sébastien Lavallée, P. Geo
President and Chief Executive Officer
819-354-5146
Paradox Public Relations
514-341-0408
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Canada Strategic Metals Corp
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PRODUCER |
CODE : CJC.V |
ISIN : CA1352741088 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Canada Strategic Metals is a and gold exploration company based in Canada. Canada Strategic Metals produces natural gas in Canada, and holds various exploration projects in Canada. Its main asset in production is TRUTCH in Canada and its main exploration properties are PROPHET RIVER NATURAL and GOELAND in Canada. Canada Strategic Metals is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 22.5 millions as of today (US$ 16.9 millions, € 14.3 millions). Its stock quote reached its highest recent level on January 03, 1997 at CA$ 9.90, and its lowest recent point on December 24, 2008 at CA$ 0.02. Canada Strategic Metals has 75 039 155 shares outstanding. |