Canadian International Minerals Inc Arranges Financings - News, Weather and Sports for Lincoln, NE; KLKNTV.com

Canadian International Minerals Inc Arranges Financings

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Vancouver, B.C. / ACCESSWIRE / August 25 2014 / The Company announces that it has arranged a private placement of up to 800,000 flow-through units at a price of $0.07 per flow-through unit for total gross proceeds of up to $56,000. Each unit consists of one flow-through common share and one transferable share purchase warrant, each warrant exercisable into one non flow-through common share for a period of two years from the date of issue at a price of $0.10 per share.

The Company has also arranged a private placement of up to 1,000,000 non flow-through units at a price of $0.05 for total gross proceeds of $50,000. Each unit will consist of one common share and one transferable share purchase warrant, each warrant exercisable into one additional common share for a period of two years from the date of issue at a price of $0.10 per share.

The proceeds of the private placements will be used for qualified exploration expenditures on the Company’s minerals properties and for general working capital.

Finders’ fees may be payable in whole or in part on the private placement.

The placements are subject to the acceptance of the TSX Venture Exchange.

ON BEHALF OF THE BOARD

Michael E. Schuss
President and Chief Executive Officer

For further information on Canadian International Minerals Inc. please visit the Company website at www.cin-v.com.

Neither 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.”

 

SOURCE: Canadian International Minerals Inc.

ReleaseID: 419539

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