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CAT Strategic Metals Corp
Symbol C : CAT
Shares Issued 50,422,310
Close 2019-02-14 C$ 0.065
Recent Sedar Documents

CAT closes $175,000 first tranche of financing

2019-02-19 15:12 ET - News Release

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 issuance.

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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