Canada Strategic Metals Inc.: Christophe Romary Appointed as President
MONTREAL, QUEBEC--(Marketwired - Dec 16, 2014) - Canada Strategic Metals Inc. ("Strategic Metals" or the "Company") (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) is pleased to announce the appointment of Christophe Romary as President of the Corporation.
Mr. Romary has more than 20 years of experience in the financial industry helping small and mid-cap canadian companies finance their growth. His experience covers commercial and venture capital financing at the National Bank of Canada, and corporate finance, including equity/debt, as well as mergers and acquisitions, at several Canadian Investment Banks including Orion Securities (now Macquarie Securities) and Desjardins Securities. He was head of Investment Banking at Northern Securities, specializing in Mines and Metals, and Head of Mining Investment Banking at Versant Partners (now Cantor Fitzgerald). He holds an engineering degree from ENSPM and an MBA from ISA (HEC Paris).
"With his many years of experience, Christophe Romary will bring to Canada Strategic Metals a unique combination of rich financial experience along with a deep understanding of the financing requirements for companies in the mining sector", said Jean-Sébastien Lavallée, Chief Executive Officer.
The Corporation has granted Mr. Romary 500,000 stock options, each of which entitles its holder to acquire one common share for $0.10 until December 16, 2019.
Furthermore, the Company announces that it is currently arranging non-brokered private placement for up of $400,000 consisting in:
- Private placement of flow-through.
| The Company is proposing to issue 400 flow-through Units at a cost of $1,000 per Unit. Each Unit includes 10,000 flow-through common shares at a price of $0.08 per flow-through share, 2,500 common shares at a price of $0.08 per share and 6,250 common share purchase warrants of the Corporation. Each warrant entitles the holder thereof to purchase one common share of the Corporation for a period of 18 months at a price of $0.15 per share. |
| Finders' fees of 8% of the gross proceeds of the offering may be paid in cash and in non-transferable finder's fees warrants. |
| The above-mentioned private placements are subject to the approval of the TSX Venture Exchange. |
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.
Contact
Jean-Sebastien Lavallee, P. Geo
Chief Executive Officer
819-354-5146
Paradox Public Relations
514-341-0408