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Chlormet Announces a $370,000 Non-brokered Private Placement
Chlormet Announces a $370,000 Non-brokered Private Placement Vancouver, British Columbia CA...
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[{"type":"text","content":"Chlormet Announces a $370,000 Non-brokered Private PlacementChlormet Announces a $370,000 Non-brokered Private Placement\n\nVancouver, British Columbia CANADA, November 28, 2013 /FSC/ - Chlormet Technologies Inc (CMT - TSX Venture), (\"Chlormet\" or the \"Company\") is pleased to announce the commencement of a non-brokered private placement offering of up to 7,400,000 units (each, a \"Unit\") at a price of $0.05 per Unit for gross proceeds of $370,000 (the \"Offering\").\n\nEach Unit consists of one previously unissued common share and one transferable purchase warrant (a \"Warrant) of the Issuer. Each Warrant will entitle the holder, on exercise, to purchase one additional common share of the Company (a \"Warrant Share\") for a period of 18 (eighteen) months from the date of issue of the Warrant. The Warrants will be exercisable at a price of $0.075 per share.\n\nChlormet intends to use the proceeds of the private placement for property development, general working capital and corporate purposes. The issuer may, in appropriate circumstances, pay a finder's fee in connection with the sale of the Units.\n\nClosing of the Offering is subject to customary conditions including TSX Venture Exchange approval. Any securities issued pursuant to the Offering will be subject to a hold period of four months and one day after closing of the Offering under applicable Canadian securities laws. \n\nAbout Chlormet Technologies\n\nChlormet Technologies Inc. has an experienced management team with a growth strategy to develop a diversified portfolio of exploration projects that can be taken into production. The Company's main objective is to add shareholder value through cost efficient exploration, strategic acquisitions, joint ventures, and effective marketing while maintaining a lower risk profile through project diversification and sound financial management.\n\nON BEHALF OF THE BOARD OF DIRECTORS \n\"Mark A. McLeary\"\nCEO\n\nNeither 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.\n\nTo view this press release as a PDF, please click on the following link:\nhttp://www.usetdas.com/pr/chlormet11282013.pdf\n\n\nSource: Chlormet Technologies Inc. (TSXV: CMT) \nMaximum News Dissemination by FSCwire. ht...