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Canada Strategic Metals Inc Announces Brokered Private Placement


Tuesday, 4 Dec 2012 04:52pm EST 

Canada Strategic Metals Inc announced that it has engaged Marquest Capital Markets and Casimir Capital Ltd. (the "Agents") to conduct a brokered offering of securities of the Company (the "Offering") to raise gross proceeds of up to $3,000,000 through the sale of up to 12,500,000 flow-through units (the "FT Units") at a price of $0.16 per FT Unit and up to 8,000,000 non flow-through units (the "Units") at a price of $0.125 per Unit. Each FT Unit will consist of one (1) flow-through common share and one-half (1/2) of one non-transferable share purchase warrant (the "FT Warrants"). Each full FT Warrant entitles its holder to purchase one non-flow through common share at a price of $0.30 per share for a period of twelve (12) months from the date of issue. Each Unit will consist of one (1) common share and one-half (1/2) of one non-transferable share purchase warrant (the "Warrants"). Each full Warrant entitles its holder to purchase one non-flow through common share at a price of $0.25 per share for a period of twelve (12) months from the date of issue . Proceeds from the sale of FT Units will be used to advance the Company's portfolio of graphite projects located in Quebec, Canada; including an aggressive exploration program intended for 2013. Net proceeds from the sale of non flow-through Units will be used for general working capital. 

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29 Jul 2014