| Strategic Metals Monetizes Graphite Asset in Exchange for Important Exploration Programs on its Properties While Keeping 20% Non-Dilutive Interest | |
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MONTREAL, QUEBEC--(Marketwired - Apr 14, 2015) - Canada Strategic Metals Inc. ("Strategic Metals" or the "Company") (TSX VENTURE:CJC)(YXEN.F)(CJCFF) further to the Company's press release dated February 9, 2015, the Company is pleased to confirm that the TSX Venture Exchange has approved the terms of an additional option pursuant to which Lomiko Metals Inc. ("Lomiko") shall have the exclusive right and option to acquire an additional 40% undivided interest in the La Loutre Property and an 80% undivided interest in the Lac des Iles Property in exchange for a payment of $1,010,000, the issuance of 3,000,000 common shares of Lomiko and the funding of $1,750,000 in exploration expenditures over a 2 year period (refer to the Company's press releases dated February 9, 2015 and September 23, 2014 for more details on the initial transaction). A National Instrument 43-101 report has been filed and is available on SEDAR at www.sedar.com under Lomiko's profile. Jean-Sebastien Lavallée (OGQ #773), geologist, shareholder and Chief Executive Officer of the Company and a Qualified Person under NI 43-101, has reviewed and approved the technical content of this release. 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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PRODUCTEUR |
CODE : CJC.V |
ISIN : CA1352741088 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Canada Strategic Metals est une société d’exploration minière et d'or basée au Canada. Canada Strategic Metals est productrice de gaz au Canada, et détient divers projets d'exploration au Canada. Son principal projet en production est TRUTCH au Canada et ses principaux projets en exploration sont PROPHET RIVER NATURAL et GOELAND au Canada. Canada Strategic Metals est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 22,5 millions CA$ (16,9 millions US$, 14,3 millions €). La valeur de son action a atteint son plus haut niveau récent le 03 janvier 1997 à 9,90 CA$, et son plus bas niveau récent le 24 décembre 2008 à 0,02 CA$. Canada Strategic Metals possède 75 039 155 actions en circulation. |