Canadian Metals Inc.

Canadian Metals Inc.

June 27, 2013 13:04 ET

Canadian Metals Inc. Completes its Initial Public Offering

MONTREAL, QUEBEC--(Marketwired - June 27, 2013) - Canadian Metals Inc. (the "Corporation") (CNSX:CME) is pleased to announce that it successfully completed its initial public offering (the "Offering") and that its common shares are expected to commence trading on the Canadian National Stock Exchange ("CNSX") under the symbol "CME" on or about July 2, 2013. The Offering raised total gross proceeds of $809,974.80 through the Corporation's agent, Industrial Alliance Securities Inc. (the "Agent").

Pursuant to the Offering, Canadian Metals Inc. raised total gross proceeds of $809,974.80 through the issuance of 5,399,832 units of the Corporation (the "Units") at a price of $0.15 per unit. Each unit is comprised of one (1) common share of the Corporation and one (1) common share purchase warrant. Each warrant entitles its holder to acquire one additional common share at a price of $0.25 per share for a period of eighteen (18) months from the date of closing. After giving effect to the Offering, the Corporation now has 18,141,246 common shares issued and outstanding.

The Agent received a commission equal to 8% of the gross proceeds of the Offering and compensation warrants (the "Agent's Warrants") to purchase that number of common shares equal to 8% of the total number of Units sold. The Agent's Warrants will be exercisable in whole or in part on the same terms and conditions as the Offering at any time up until twelve (12) months after the closing of the Offering.

Canadian Metals is a mining exploration and development corporation based in Montréal, Québec. The Corporation is focused on acquiring, exploring, and developing mining properties. Its flagship project is the Massicotte property located in the Detour Gold Trend, in the province of Québec, Canada. Canadian Metals is also looking for new projects to complete its portfolio. For more information, please refer to the Corporation's final long form prospectus dated April 30, 2013 available on SEDAR (

Neither the CNSX nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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