Canadian International Minerals Inc. Closes Financing

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[{"type":"text","content":"Canadian International Minerals Inc. Closes Financing(via Thenewswire.ca)\n\n \n\n\n\n \nVancouver, British Columbia / TheNewswire / January 13, 2016 - Canadian International Minerals Inc. (\"CIN\" or the \"Company\") (TSX-V: CIN) is pleased to announce that it has closed its private placement of 2,007,500 units at a price of $0.035 per unit for total gross proceeds of $70,263. Each unit consists of one common share and one transferable share purchase warrant, each warrant exercisable into one additional common share until January 13, 2018, at a price of $0.05 per share in the first year of the term of the warrant and at a price of $0.07 per share in the second year of the term of the warrant.\n\n \n \nThe proceeds of the private placement will be used as follows:\n\n \n\nDescription\n\n\n\n\nAmount\n\n\n\n\nInternet/telephone\n\n\n\n\n$ 1,500.00\n\n\n\n\nLegal/paralegal\n\n\n\n\n5,000.00\n\n\n\n\nAccounting\n\n\n\n\n5,000.00\n\n\n\n\nMichael Schuss, President & CEO\n\n\n\n\n5,000.00\n\n\n\n\nLac Manitou PGM project\n\n\n\n\n15,000.00\n\n\n\n\nLeduc lithium project\n\n\n\n\n20,000.00\n\n\n\n\nTSXV filing fees\n\n\n\n\n4,950.00\n\n\n\n\nUnallocated working capital\n\n\n\n\n13,550.00\n\n\n\n\nTotal\n\n\n\n\n$70,000.00\n\n\n \n \nAll securities issued pursuant to the placement are subject to regulatory hold periods expiring on May 14, 2016.\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\n\n\n \nEmail: [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 \nForward-looking Information\n\n \n \nThis news release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward ...

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