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CMC Metals Ltd. Announces Closing of its $480,000 / $0.08 Unit Flow-Through Private Placement
(via TheNewswire) Vancouver, BC. - TheNewswire - July 27, 2020 - CMC Metals Ltd. - (...
About this update from Walker Lane Resources Ltd.
[{"type":"text","content":"CMC Metals Ltd. Announces Closing of its $480,000 / $0.08 Unit Flow-Through Private Placement(via TheNewswire)\n\n \nVancouver, BC. - TheNewswire - July 27, 2020 - CMC Metals Ltd. - (\"the Company\") (TSXV:CMB) (OTC:CMCXF) is pleased to announce that it has closed its $480,000 / 6,000,000 Unit flow-through private placement as announced pursuant to its July 7, 2020 press release having received TSX Venture Exchange approval. The financing closed with the issuance of 6,000,000 units priced at $0.08 per Unit with each Unit comprising of one flow-through common share and one transferable share purchase warrant. Every two transferrable warrants are exercisable into one additional common share at $0.10 per share for a one-year period expiring July 27, 2021. The proceeds derived from this placement are to be used to pay for the Company's exploration program at the Silver Hart and Blue Heaven Property, Yukon. There was no finder's fee payable pursuant to this placement.\n\n\n \nAbout CMC Metals. \n\n\n \nCMC Metals Ltd. is a mineral exploration company focused on opportunities in Canada and the United States that offer potential for production. The Company is led by a seasoned team with experience developing assets to commercialization. The Company's Silver Hart Property is a high grade silver-lead-zinc project located in the Yukon, 132 km west of Watson Lake, and covers 2,200 hectares and 116 contiguous and partial claims. The Company recently acquired the Blue Heaven claims adjacent to Silver Hart which comprises of similar mineralization and geology and covers 1,975 hectares and 118 contiguous and partial claims. Together these combined properties offer excellent exploration potential for high-grade silver-lead-zinc veins and carbonate replacement deposits. \n\n\n \nCMC is a precious metals exploration and development company working in Yukon and is actively seeking other projects to acquire in its portfolio. \n\n\n \nOn behalf of the Board: \n\n\n \n\"John Bossio\"_______\n\n\n \nJohn Bossio\n\n\n \nChairman, \n\n\n \nCMC Metals Ltd.\n\n \n \nFor further information concerning the CMC Metals Ltd., or its exploration projects, please contact: \n\n \n \nInvestor Inquiries: Kevin Brewer, P. Geo. \n\n\n \nPresident, CEO and Director \n\n\n \nTel: (604) 605-0166 / Email: [email protected] \n\n \n \nTo be added to CMC's news distribu...