Canada Strategic Metals (CJC.V) Announces Closing of $205,000 Private Placement
– Momentum Public Relations –
Press Release: April 5, 2016
Canada Strategic Metals Inc. (“CS Metals” or “the Company”) (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) is pleased to announce that it has closed a non-brokered private placement, for an amount of $205,000.
The Company has issued 4,100,000 common shares at a price of $0.05 per share, for gross proceeds of $205,000.
All the securities issued under the private placement are subject to a mandatory hold period of four months plus one day following the closing of the private placement.
The proceeds of this private placement will be used for working capital and for property development.
The private placement is subject to regulatory approval.
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.