Coronet Metals closes $2.2M private placement

Coronet Metals



Closing of Flow Through Private Placement

Vancouver B.C., January 3, 2018 – Coronet Metals Inc. (the “Company”) is pleased to announce that further to a December 27, 2017 price reservation, the Company has completed a non-brokered private placement (the “Offering”) of 11,025,000 flow-through shares (“Flow-Through Shares”) at a subscription price of $0.20 per Flow-Through Share for gross proceeds to the Company of $2,205,000. Each Flow-Through Share has been issued within the meaning in the Income Tax Act (Canada) therefore proceeds from this Offering will be used on qualifying Canadian Exploration Expenditures pursuant to the Income Tax Act (Canada). The Flow-Through Shares issued in connection with this Offering will be subject to a statutory hold period of four months and one day.

No finders fee has been paid in connection with this Offering.

FOR FURTHER INFORMATION AND ENQUIRIES:
Theo van der Linde
President and CEO
Tel: +1 604-336-3193
Email: tvanderlinde@coronetmetals.com