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.
- December 13, 2018 Quebec Precious Metals Corporation grants stock options
- December 05, 2018 Quebec Precious Metals Corporation outlines a 2 km anomalous gold trend at Sakami
- November 08, 2018 Debt Settlement
- October 29, 2018 Quebec Precious Metals initiates fall exploration program at Sakami focusing on the La Pointe area
- October 24, 2018 Quebec Precious Metals announces message from CEO
- September 18, 2018 Quebec Precious Metals welcomes you on its website
- September 10, 2018 Quebec Precious Metals intersects 3.22 g/t Au over 31.5 m and 3.59 g/t Au over 27 m at Sakami, extending the gold mineralization on strike by 100 m
- July 12, 2018 Quebec Precious Metals Corporation reports correction to the number of issued and outstanding common shares
- June 28, 2018 Canada Strategic Metals and Matamec close $5.4 million and create Quebec Precious Metals Corporation
- June 19, 2018 Annual and Special Meeting
- June 04, 2018 Canada Strategic Metals and Matamec file joint circular regarding annual and special meetings for shareholder votes on business combination
- May 31, 2018 Canada Strategic Metals and Matamec intersect 3.08 g/t Au over 15 m and 5.31 g/t Au over 4.5 m on the Sakami Property
- April 26, 2018 Strategic Investment by Goldcorp to Create a New Gold Explorer in the Eeyou Istchee James Bay Territory of Quebec with Canada Strategic Metals, Matamec Explorations and Sphinx Resources
- March 01, 2018 Canada Strategic Mobilizes Second Drill & Increases its Drilling Program to 8,000 metres