CMC Metals Ltd.

Published : May 02nd, 2016

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

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
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

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 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.'

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

CMC Metals Ltd.

Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
Projects & res.
Asset profile
Contact Cpy

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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
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 @ $0.04 per Unit
1/22/2015Clarification concerning World Beater Property aka Radcliff ...
8/19/2009Request for Information
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
CA$ 0.150
06/28 16:56 -0.010
Prev close Open
0.155 0.155
Low High
0.150 0.160
Year l/h YTD var.
0.130 -  0.240 7.14%
52 week l/h 52 week var.
0.080 -  0.240 15.38%
Volume 1 month var.
98,203 -16.67%
24hGold TrendPower© : -37
Develops Silver
Explores for Gold - Silver - Tungsten
Interactive chart Add to compare
Print Compare Export
Last updated on : 1/4/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
5 years chart
3 months chart
3 months volume chart
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
announces expected non-cash impairment
AU$ 7.58+2.71%Trend Power :
Oceana Gold(Au)OGC.AX
AU$ 2.83-4.07%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
US$ 0.47-7.33%Trend Power :
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
Reduced Funding Requirement
GBX 0.53-10.32%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.02+0.00%Trend Power :
Closes Bridge Loan Financing
CA$ 3.00+0.00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 8.71-1.02%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.30+7.14%Trend Power :
Q A April 2017 Quarterly Report
AU$ 0.25+4.17%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.79-6.28%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 59.37+2.73%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :