Business
Canadian International Minerals Inc. Arranges Financing
(via Thenewswire.ca) December 31, 2015 / TheNewswire / Vancouver, British Col...
About this update from Egr Exploration Ltd
[{"type":"text","content":"Canadian International Minerals Inc. Arranges Financing(via Thenewswire.ca)\n\n \n\n\n\n\n \nDecember 31, 2015 / TheNewswire / Vancouver, British Columbia - Canadian International Minerals Inc. (\"CIN\" or the \"Company\") (TSX-V: CIN) announces that it has arranged a private placement of up to 2,000,000 units at a price of $0.035 per unit for total gross proceeds of up to $70,000. Each unit consists of one common share and one transferable warrant, each warrant exercisable into one additional common share for a period of two years from the date of issue, at a price of $0.05 per share in the first year, and $0.07 per share in the second year.\n\n \n \nProceeds of the private placement will be used as follows:\n\n\n \n\nDescription\n\n\n\n\nAmount\n\n\n\n\nInternet/telephone\n\n\n\n\n$1,500.00\n\n\n\n\nLegal/paralegal\n\n\n\n\n$5,000.00\n\n\n\n\nAccounting\n\n\n\n\n$5,000.00\n\n\n\n\nMichael Schuss, President & CEO\n\n\n\n\n$5,000.00\n\n\n\n\nLac Manitou PGM project\n\n\n\n\n$15,000.00\n\n\n\n\nLeduc lithium project\n\n\n\n\n$20,000.00\n\n\n\n\nUnallocated working capital\n\n\n\n\n$18,500.00\n\n\n\n\nTotal\n\n\n\n\n$70,000.00\n\n\n \n \nUnallocated working capital will be used to maintain operations and cover general and administrative expenses for the next six months.\n\n \n \nFinders' fees may be payable in whole or in part on the placement pursuant to the policies of the TSX Venture Exchange.\n\n \n \nThe private placement is subject to the acceptance of the TSX Venture Exchange.\n\n \n \nFor further information, please contact:\n\n \n \nCanadian International Minerals Inc.\n\n\n \nMichael E. Schuss\n\n\n \nPresident and CEO\n\n\n \nPhone: 604-241-2254\nE-mail: [email protected]\n\n \n \nWebsite: www.cin-v.com\n\n \n \nNeither the 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\n\n Copyright (c) 2015 TheNewswire - All rights reserved.","length":6844,"tagName":"div"}]