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 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.
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