pcNewsWire – Canadian Mining Corp. (TSX-V: CNG) has arranged a non-brokered private placement for up to 8,000,000 units at a price of $0.25 per unit for gross proceeds of up to $2,000,000.
Proceeds will be used to advance the company’s operations and general working capital including potential acquisitions, marketing, corporate accounting and geological services.
News Release
Canadian Mining Corp. Announces Non-Brokered Private Placement
Vancouver, BC, July 05, 2017: Canadian Mining Corp. (TSXV: “CNG”) (the “Company”) announces that it has arranged a non-‐‑brokered private placement for up to 8,000,000 units at a price of $0.25 per unit to raise gross proceeds of up to $2,000,000 (the “Offering”).
Each unit will consist of one common share and one non-‐‑transferable common share purchase warrant. Each common share purchase warrant is exercisable for one additional common share of the Company
at a price of $1.00 for a period of two years from the date of issue.
Proceeds from the Offering will be used to advance the Company’s operations and general working capital including potential acquisitions, marketing, corporate accounting and geological services.
The Offering is subject to the approval of the TSX Venture Exchange and all securities issued there under will be subject to a four month and a day hold period under applicable securities laws. The Company may pay a finder’s fee in connection with the Offering.
ON BEHALF OF THE BOARD OF DIRECTORS
Aman Parmar, Director
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.
