Mr. Ian Berzins reports
CANADIAN CRITICAL MINERALS CLOSES $247,500 FLOW-THROUGH FINANCING
Canadian Critical Minerals Inc. has closed a flow-through financing for gross proceeds of $247,500, comprising 4,500,002 flow-through shares with an issue price of 5.5 cents per share.
All securities issued are subject to a statutory hold period that expires four months and one day from issuance.
In connection with the financing, the company paid finder cash commissions totalling $15,925 and issued 289,545 finder warrants. Each finder warrant entitles its holder to acquire one common share of the company at a price of 5.5 cents for a 36-month period.
Proceeds from the financing will be used for exploration and development activities at the Bull River mine project near Cranbrook, B.C.
About Canadian Critical Minerals Inc.
Canadian Critical is a mining company primarily focused on two near-term copper production assets in Canada. Canadian Critical's main asset is the 100-per-cent-owned Bull River mine project (more than 135 million pounds of copper) near Cranbrook, B.C., which has a mineral resource containing copper, gold and silver. Canadian Critical also owns a 34-per-cent interest in the Thierry mine project (more than 1.3 billion pounds of copper) near Pickle Lake, Ont., which has a mineral resource containing copper, nickel, silver, palladium, platinum and gold.
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