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Canadian Gold Miner Closes Private Placement
Canadian Gold Miner Closes Private Placement Canada NewsWire SUDBURY, ON, May 11...
About this update from Transition Metals Corp.
[{"type":"text","content":"\n\n\n\nCanadian Gold Miner Closes Private Placement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nSUDBURY, ON, May 11, 2017\n\n\n\n\nGross Proceeds of $817,250\n\n\nSUDBURY, ON, May 11, 2017 /CNW/ - Canadian Gold Miner Corp (\"CGM\") and Transition Metals Corp. (XTM – TSX.V, \"Transition\" or the \"Company\") announce that CGM has closed a private placement totaling $817,250 by way of issuance of 5,294,998 units each consisting of a common share and common share purchase warrant exercisable for three years at $0.25 per share at a price of $0.15 per unit, and the issuance of 115,000 flow through eligible shares at a price of $0.20 (the Offering).  Concurrent with the financing, CGM has entered into a finders fee agreement with Gravitas Securities Inc. (Gravitas) whereby Gravitas will endeavor to assist CGM to complete additional Flow Through financing of up to $1,000,000 this spring.   \n\nThe planned use of proceeds includes drilling of the high grade Bjorkman Showing (see news release of February 8, 2017) as well as a robust exploration program on CGM's South Kirkland project area.  \n\nCanadian Gold Miner also reports that on April 26, 2017 the Company issued 1,335,000 stock options to its Directors, Officers, Employees and Consultants.  The options to purchase common shares of Canadian Gold Miner Corp. have a 5 year term and are exercisable at $0.15.  \n\nSeparately, Transition Metals reports that on May 2, 2017, it issued 655,000 options to its Directors, Officers, Employees and Consultants.  The options to purchase common shares of Transition Metals Corp also have a 5 year term and are exercisable at $0.20. \n\nAbout Canadian Gold Miner Corp Canadian Gold Miner Corp. is a Canadian private corporation focused on exploring for gold in the Larder Lake Mining District near Kirkland Lake. The Company was founded by Transition to leverage its data, expertise and extensive portfolio of high quality gold projects. CGM has assembled a dominant land position in excess of 165 square kilometres around the Cadi...