Canadian Metals Completes Flow Through Offering
Get Alerts CME Hot Sheet
Overall Analyst Rating:
NEUTRAL ( Down)
Dividend Yield: 2.2%
EPS Growth %: +3.3%
Join SI Premium – FREE
MONTREAL, QUEBEC -- (Marketwired) -- 12/29/16 -- Canadian Metals Inc. (the "Corporation") (CSE: CME)(CSE: CME.CN) is pleased to announce, further to its news release dated December 23, 2016, that it has completed, subject to regulatory and CSE final approval, the private placement (the "Offering") of flow-through shares of the Corporation at a price of C$0.15 per share for gross proceeds of $249,000.
The Corporation intends to use the proceeds of the Offering for exploration works.
A finder received a cash commission of $18,920 representing 8% of the gross proceeds of the Offering.
All securities issued in connection with the Offering are subject to a four month hold period expiring April 30, 2017.
About Canadian Metals
Canadian Metals Inc. is focused exclusively on the development of its Langis Project, a high-purity silica deposit located in the province of Quebec. The Company is rapidly positioning itself to eventually become a North American silicon metal producer.
Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Contacts: Hubert Vall�e President and CEO [email protected] Stéphane Leblanc Chief Investment Officer [email protected] www.canadianmetalsinc.com
Source: Canadian Metals Inc.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- CME Group (CME) PT Raised to $187 at Rosenblatt
- CME Group (CME) April weekly option implied volatility into quarter results
- Publication Annual Report 2023 and convocation of the Ordinary General Meeting on May 29 2024
Create E-mail Alert Related Categories
Press ReleasesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!