Canadian Mining Corp. Warrant Exercises & Business Update
07.06.2018 | GlobeNewswire
VANCOUVER, June 07, 2018 - Canadian Mining Corp. (TSXV:CNG) (“Canadian Mining” or the “Company”) is pleased to announce that 6,024,665 warrants that were set to expire on May 29, 2018 have been exercised for gross proceeds to the Company of $1,506,166.25.The Company would like to take this opportunity to update its shareholders on the change of business through the acquisition of Cannabis Permits and Licenses in California (1145411BC Ltd.) announced December 18, 2017. As part of that change of business, the Company is required to transfer from the Toronto Stock Exchange-Venture Exchange (“TSX.V”) to the Canadian Securities Exchange (“CSE”). On May 30, 2018 the Company received Conditional Approval from the CSE for listing on that exchange. The Company is currently in the process of meeting the final conditions and providing the CSE with additional documentation in order to make the final application to list and trade on the CSE.
In addition to the transfer to the CSE, the directors of the Company have elected to change the Company’s auditors from Crowe MacKay LLP, Chartered Professional Accountants to D&H Group LLP, Chartered Professional Accountants as of June 4th, 2018, to better reflect the Company’s new business moving forward.
About Canadian Mining Corp.
Canadian Mining Corp. announced a change of business through the acquisition of cannabis permits and licenses in California; see news release dated December 18, 2018 or view on SEDAR. Simultaneous with the change of business into the cannabis sector, the Board of Directors continues to actively pursue new opportunities for project generation and continued financing.
ON BEHALF OF THE BOARD OF DIRECTORS
Brian G. Thurston
President
For further information please contact:
Brian G. Thurston
Canadian Mining Corp.
Phone: 778-928-6565
Neither 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.
Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete contemplated work programs and the timing and amount of expenditures. Canadian Mining does not assume the obligation to update any forward-looking statement.