Business
Revision to 3,000,000 Unit Flow-Through Private Placement / New 1,000,000 Unit Non-Flow-Through Private Placement at $0.15 per Unit
Revision to 3,000,000 Unit Flow-Through Private Placement / New 1,000,000 Unit Non-Flow-Through P...
About this update from Walker Lane Resources Ltd.
[{"type":"text","content":"\nRevision to 3,000,000 Unit Flow-Through Private Placement / New 1,000,000 Unit Non-Flow-Through Private Placement at $0.15 per Unit\n\n\n Jul. 9, 2010 (TheNewswire.ca) -- Vancouver, B.C.: CMC Metals Ltd. (OOTC:CMCXF) (TSXV:CMB) (the \"Company\") wishes to announce that it has revised the unit price of its flow-through private placement to issue 3,000,000 units originally priced at $0.20 per unit as announced pursuant to its June 28, 2010 press release, to 3,200,000 units at $0.175 per unit. Each Unit will remain being comprised of one flow-through common share and one transferable share purchase warrant. Two warrants will be exercisable for one additional non-flow-through common share at $0.20 per share for a twelve month period. The proceeds of this private placement will be used to pay for the continued work program on the Company's properties both in British Columbia and the Yukon. A finder's fee may be payable in relation to this private placement. This transaction is subject to TSX Venture Exchange approval.Furthermore, the Company wishes to announce that it has agreed to issue up to 1,000,000 Units at $0.15 per unit, each unit consisting of one common share and one transferable share purchase warrant. One warrant will be exercisable for one additional common share at $0.20 per share for a period of twelve months. The proceeds of this private placement will be used for general working capital. A finder's fee may be payable in relation to this private placement. This transaction is subject to TSX Venture Exchange approval.This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.On behalf of the Board:\"Michael C. Scholz\" _____Michael C. Scholz, Director/CFOCMC METALS LTD.For further information on the Company, please contact Mr. Gord Zelko, VP Business Relations at StoxNetwork Corp. Telephone: 250-495-7123, or Email: [email protected] 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.Copyright (c) 2010 Thenewswire.ca - All rights reserved.\n\n\n\n","length":2467,"tagName":"div"}]