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Canada Strategic Metals reports partial closing of private placement


Monday, 5 May 2014 02:23pm EDT 

Canada Strategic Metals Inc:Closes portion of a non-brokered private placement, for an amount of $574,500.Issued 5,745,000 units of common shares at a price of $0.10 per unit, for gross proceeds of $574,500.Each unit consists of one common share priced at $0.10 and half a warrant to purchase a common share of the company.Each warrant entitles holder to purchase one common share of the company at $0.15 for a 24-month period after closing of the private placement.Proceeds to be used for property development and/or working capital purposes. 

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