CMC Metals Ltd.

Published : May 02nd, 2016

Update on 10,000,000 Unit Private Placement at $0.10 per Unit

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Keywords :   Cash | Georgia | Market |

Update on 10,000,000 Unit Private Placement at $0.10 per Unit

Vancouver, B.C.: CMC Metals Ltd. (the 'Company') wishes to provide an update on the terms of its private placement announced in its February 10, 2016 press release, wherein we advised the public of our intention of conducting a private placement of up to 10,000,000 Units at $0.10 per Unit. The Company has received an overwhelming response to its placement and as a result, the placement has been increased from 10,000,000 Units to 15,500,000 Units on the same terms and conditions as set out in our February 10, 2016 press release, with the Units consisting of one common share and one transferrable share purchase warrant, with every two warrants exercisable for one additional common share of the Company at $0.12 per share for a two year period. The proceeds derived from the now total 15,500,000 Unit placement are to be used towards our ongoing costs associated with the further development of the Company's Bishop Mill and Radcliff Property projects held in the US and to bring the Bishop Mill closer to production. Approximately 35% of the funds raised through this placement will come from insiders of the Company and a finder's fee of 8% cash and 8% in broker's warrants are payable to third parties, subject to Exchange approval.
On behalf of the Board:

'Jack Bal'
______________________________________
Jack Bal, President & CEO
CMC METALS LTD.

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

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.

'This news release includes certain statements that constitute 'forward-looking information' within the meaning of applicable securities law, including without limitation, statements that address the timing and content of upcoming work programs, geological interpretations, receipt of property titles and exploitation activities and developments. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks, including the ability of the Company to raise the funds necessary to fund its projects and, accordingly, may not occur as described herein or at all. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Readers are referred to the Company's filings with the Canadian securities regulators for information on these and other risk factors, available at www.sedar.com. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.'

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Data and Statistics for these countries : Georgia | All
Gold and Silver Prices for these countries : Georgia | 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$ 5.2 millions as of today (US$ 4.2 millions, € 3.6 millions).

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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