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Canada Strategic Metals announces private placement
Montreal, Quebec - March 11, 2015 - Canada Strategic Metals Inc. ("CS Metals" or "the Company") (TSX.V: CJC; FSE: YXEN; OTC-BB: CJCFF) announces that it is currently arranging non-brokered private placement for up of $500,000 consisting in:
Private placement of Unit common shares
The Company is proposing to issue 5,000,000 common shares Units at a cost of $0.10 per Unit. Each Unit includes one common share at a price of $0.10 per share and one-half common share purchase warrants of the Corporation. Each warrant entitles the holder thereof to purchase one common share of the Corporation for a period of 24 months at a price of $0.15 per share.
Finders' fees of 8% of the gross proceeds of the offering may be paid in cash and innon-transferable finder's fees warrants.
The above-mentioned private placements are subject to the approval of the TSX Venture Exchange.
About Canada Strategic Metals
Canada Strategic Metals is an emerging company focused on the exploration and development of a number of projects covering over 20,000 hectares in Quebec. With broad management experience in green technology and junior resource exploration and development, Canada Strategic Metals is well positioned to aggressively advance this promising property portfolio for its shareholders.
For more information on the Company, please visit www.csmetals.ca.
Jean-Sébastien Lavallée, P. Geo
Chief Executive Officer
819-354-5146
Christophe Romary
President
514-913-7483
Paradox Public Relations
514-341-0408
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Canada Strategic Metals Corp
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PRODUCER |
CODE : CJC.V |
ISIN : CA1352741088 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Canada Strategic Metals is a and gold exploration company based in Canada. Canada Strategic Metals produces natural gas in Canada, and holds various exploration projects in Canada. Its main asset in production is TRUTCH in Canada and its main exploration properties are PROPHET RIVER NATURAL and GOELAND in Canada. Canada Strategic Metals is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 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. |