| Canada Strategic Metals Reports a Partial Closing of its Private Placement | |
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MONTREAL, QUEBEC--(Marketwired - May 5, 2014) - Canada Strategic Metals Inc. ("Canada Strategic Metals" or "the Company") (TSX VENTURE:CJC)(YXEN.F)(CJCFF) announces that it has closed on a portion of a non-brokered private placement, for an amount of $574,500. The Company has issued 5,745,000 units of common shares at a price of $0.10 per unit, for gross proceeds of $574,500. Each unit consists of one common share priced at $0.10 and half a warrant to purchase a common share of the Company. Each warrant entitles its holder to purchase one common share of the Company at $0.15 for a 24-month period after 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. Company insider subscribe for 500,000 units. The Company is pursuing its efforts to complete this private placement for up to $1,000,000. Proceeds of the private placement will be used for property development and/or working capital purposes. About Canada Strategic Metals Canada Strategic Metals is an emerging company focused on the exploration and development of a number of projects covering over 20,000 hectares in Quebec. With broad management experience in green technology and junior resource exploration and development, Canada Strategic Metals is well positioned to aggressively advance this promising property portfolio for its shareholders. For more information on the Company, please visit www.csmetals.ca. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Canada Strategic Metals Corp
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PRODUCER |
CODE : CJC.V |
ISIN : CA1352741088 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Canada Strategic Metals is a and gold exploration company based in Canada. Canada Strategic Metals produces natural gas in Canada, and holds various exploration projects in Canada. Its main asset in production is TRUTCH in Canada and its main exploration properties are PROPHET RIVER NATURAL and GOELAND in Canada. Canada Strategic Metals is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 22.5 millions as of today (US$ 16.9 millions, € 14.3 millions). Its stock quote reached its highest recent level on January 03, 1997 at CA$ 9.90, and its lowest recent point on December 24, 2008 at CA$ 0.02. Canada Strategic Metals has 75 039 155 shares outstanding. |