pcNewsWire – Canadian International Minerals Inc. (TSX-V: CIN; FSE: 25C1) has arranged a private placement of 1,350,000 units at $0.02 per unit for gross proceeds of $27,000.
The company will not be completing the placement announced on May 5, 2017.
Canadian International Minerals Inc. Arranges Private Placement
June 27, 2017 – Vancouver, British Columbia – Canadian International Minerals Inc. (the “Company”) (TSX-V: CIN; FRANKFURT: 25C1) announces that is has arranged, subject to TSX Venture Exchange acceptance, a private placement of 1,350,000 units at $0.02 per unit, for total proceeds of $27,000. Each unit will consist of one common share and one transferable share purchase warrant, each warrant exercisable into one additional common share at a price of $0.05 per share for a period of 36 months from the date of issue.
The proceeds of the private placement will be used as follows:
Office and Administration $5,000.00
Legal / Paralegal $5,000.00
Accounts Payable $3,000.00
Unallocated working capital $14,000.00
All securities issued under the placement will be subject to a four-month hold period. Finders’ fees may be payable in whole or in part on the placement, pursuant to the policies of the TSX
The Company advises that it will not be completing the placement announced on May 5, 2017.
For further information, please contact:
Canadian International Minerals Inc.
Michael E. Schuss
President and CEO