Strategic Metals Monetizes Graphite Asset in Exchange for Important Exploration Programs on its Properties While Keeping 20% Non-Dilutive Interest
MONTREAL, QUEBEC--(Marketwired - Apr 14, 2015) - Canada Strategic Metals Inc. ("Strategic Metals" or the "Company") (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB: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.
Contact
Jean-Sebastien Lavallee, P. Geo
Chief Executive Officer
819-354-5146
ir@canadastrategicmetals.com
www.canadastrategicmetals.com
Christophe Romary
President
514-913-7483
Paradox Public Relations
514-341-0408
Momentum relations publiques
450-332-6939