Mr. Jean-Sebastien Lavallee reports
CANADA STRATEGIC METALS ANNOUNCES PRIVATE PLACEMENT
Canada Strategic Metals Inc. is currently arranging a non-brokered private placement for up of $500,000 consisting in:
- Private placement of unit common shares.
The company is proposing to issue five million common share units at a cost of 10 cents per unit. Each unit includes one common share at a price of 10 cents per share and one-half of a common share purchase warrant of the corporation. Each whole warrant entitles the holder thereof to purchase one common share of the corporation for a period of 24 months at a price of 15 cents per share.
Finder's fees of 8 per cent of the gross proceeds of the offering may be paid in cash and in non-transferrable finder's warrants.
The above-mentioned private placement is subject to the approval of the TSX Venture Exchange.
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