Canadian International Minerals Inc Arranges Financing

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[{"type":"text","content":"\n\n\n\n\n\nTrading Symbol CIN-TSX.V\n\n\nVANCOUVER, May 11, 2012 /CNW/ - The Company announces that it has\n arranged, subject to regulatory approval, a private placement of up to\n 2,000,000 units at $0.05 per unit for total gross proceeds of up to\n $100,000.  Each unit will consist of one common share and one\n transferrable share purchase warrant, each warrant exercisable into an\n additional common share for a period of two years at a price of $0.10\n per share in the first year and $0.15 per share in the second year of\n the term of the warrant.\n\n\nThe Company has also arranged, subject to regulatory approval, a private\n placement of up to 1,000,000 flow-through units at a price of $0.07 per\n flow-through unit for total gross proceeds of up to $70,000.  Each\n flow-through unit consists of one flow-through common share and one\n transferable share purchase warrant, each warrant exercisable into one\n non flow-through common share for a period of two years at a price of\n $0.10 per share in the first year and $0.15 per share in the second\n year of the term of the warrant.\n\n\nThe proceeds of the private placements will be used for qualified\n exploration expenditures on the Company's minerals properties and for\n general working capital.\n\n\nFinders' fees may be payable in whole or in part on the private\n placements.\n\n\nON BEHALF OF THE BOARD\nMichael E. Schuss \nPresident and Chief Executive Officer\n\n\n\n\n\n\"Neither TSX Venture Exchange nor its Regulation Services Provider (as\n that term is defined in the policies of the TSX Venture Exchange)\n accepts responsibility for the adequacy or accuracy of this release.\"\n\n\n on Canadian International Minerals Inc. please visit the Company website at www.cdnintlminerals.com. \n","length":1988,"tagName":"div"}]

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