Canada Strategic Metals Announces Closing of $205,000 Private Placement
MONTREAL, QUEBEC--(Marketwired - Apr 5, 2016) - Canada Strategic Metals Inc. ("CS Metals" or "the Company") (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) is pleased to announce that it has closed a non-brokered private placement, for an amount of $205,000.
The Company has issued 4,100,000 common shares at a price of $0.05 per share, for gross proceeds of $205,000.
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.
The proceeds of this private placement will be used for working capital and for property development.
The private placement is subject to regulatory approval.
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
President and Chief Executive Officer
819-354-5146
Paradox Public Relations
514-341-0408