Download PDF | View documents on Sedar
Montreal, Quebec – December 23, 2016 – Canada Strategic Metals Inc. (“Strategic Metals” or the “Company”) (TSX.V: CJC; FSE: YXEN; OTC-BB: CJCFF) is pleased to announce that it has closed the first tranche of a non-brokered private placement, for an amount of $596,200.
The Company has issued 5,420,000 common shares at a price of $0.11 per share, for gross proceeds of $596,200.
The Company paid intermediary fees of $47,696, along with 433,600 compensation options entitling their holders to purchase 433,600 common shares of the Company at a price of $0.11 per share for an 24-month period following the closing of the private placement.
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 Company is pursuing its efforts in order to proceed to a second closing, in the coming weeks, of this private placement.
The Company is also pursuing the private placement of 17,150,000 flow-through common shares of the Company at a price of $0.175 per flow-through share and the sale of 9,091,000 common shares of the Company at a price of $0.11 per common share, for a gross proceeds of $4,000,000. Canaccord will act as agent in connection with this private placement announced by press release on November 19, 2016.
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 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
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.
- October 26, 2020 Quebec Precious Metals appoints Robert P. Boisjoli as Chief Financial Officer
- October 21, 2020 Quebec Precious Metals Corporation announces results of Annual and Special General shareholders meeting
- October 15, 2020 Quebec Precious Metals Corporation provides exploration update
- October 08, 2020 Quebec Precious Metals Corporation: Reminder – Annual and Special General Meeting of Shareholders
- September 16, 2020 Quebec Precious Metals discovers a new gold and base metals system from surface sampling at Elmer East with grabs up to 17.75 g/t Au
- September 10, 2020 Quebec Precious Metals extends the La Pointe Extension discovery with 53 m at 1.03 g/t Au and near surface discovery at Simon
- August 13, 2020 Quebec Precious Metals expands La Pointe Extension discovery over 2 km; continues drilling
- August 04, 2020 Quebec Precious Metals Corporation change its stock symbol
- July 22, 2020 Quebec Precious Metals drills 1.14 g/t Au over 70.3 m at La Pointe Extension discovery
- July 16, 2020 Quebec Precious Metals Corporation Announces Postponement of its Annual General Meeting
- July 02, 2020 Quebec Precious Metals Corporation commences the next phase of exploration on the Elmer East project, James Bay region, Quebec
- June 23, 2020 Quebec Precious Metals Corporation Resumes Exploration on the Sakami Project
- June 18, 2020 Quebec Precious Metals Drills 1.45 g/t Au over 35.4 m at La Pointe Extension Discovery
- May 26, 2020 UrbanGold acquires key gold property in the Troilus area; Quebec Precious Metals monetizes non-core asset