Mr. Richard Groome reports
CAT STRATEGIC METALS ANNOUNCES CLOSING OF A FIRST TRANCHE OF PRIVATE PLACEMENT
CAT Strategic Metals Corp. has closed the first tranche of its continuing private placement for gross
proceeds of $175,000 by the issuance of 3.5 million units of the company, with each unit
comprising one common share of the company and one-half of one common share purchase
warrant, with each whole warrant entitling its holder to purchase an additional
common share at a price of 10 cents per common share for a period of 18 months from the date of
The company anticipates closing the entire targeted amount of the private placement of $500,000 in
subsequent tranches by the end of February, 2019.
The proceeds from the private placement will be used by the corporation to finance its contemplated
transaction with Zimbabwe Lithium Company Ltd., with respect to the exploration and
exploitation of lithium properties located in Zimbabwe, and for general working capital purposes.
All securities issued under this private placement will be subject to a statutory hold period of four
months from the date of issuance.
We seek Safe Harbor.
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