MONTREAL, QUEBEC--(Marketwired - April 22, 2014) - Canada Strategic Metals Inc. ("Canada Strategic Metals" or "the Company") (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) announces that it is currently arranging non-brokered private placement for up of $1,000,000 consisting in:
- Private placement of Unit common shares.
The Company is proposing to issue 10,000,000 common shares Units at a cost of $0.10 per Unit. Each Unit includes one common share at a price of $0.10 per share and one-half 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 24 months at a price of $0.15 per share.
Finders' fees of 7% 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.