Canada Strategic Metals announces $2.5M FT financing

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

Ted Liu

Ted Liu, M.Sc. (Mining), MBA (Finance), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.