Canada Strategic Metals Inc. (TSX-V: CJC; FSE: YXEN; OTCPK: CJCFF), a mineral exploration company focused on graphite and gold projects in Québec, has entered into an agreement with Canaccord Genuity Corp. for a proposed fully marketed private placement of 14,300,000 flow-through common shares at C$0.175 per FT share for gross proceeds of approximately C$2.5 million.
Proceeds will be used to incur “Canadian exploration expenses” on its properties in Quebec.
Closing of the offering is anticipated to occur on or about March 9, 2017.
photo credit: Canada Strategic Metals