Canada Strategic Metals Announces Financing

Canada Strategic Metals (TSXV:CJC,FWB:YXEN,OTC:CJCFF) announced a non-brokered private placement for up of $500,000 by issuing 5,000,000 common shares Units at a cost of $0.10 per Unit.

As quoted in the press release:

Canada Strategic Metals Inc. (“CS Metals” or “the Company”) (TSX.V: CJC; FSE: YXEN; OTC-BB: CJCFF) announces that it is currently arranging non-brokered private placement for up of $500,000 consisting in:

Private placement of Unit common shares

The Company is proposing to issue 5,000,000 common shares Units at a cost of $0.10 per Unit. Each Unit includes one common share at a price of $0.10 per share and one-half common share purchase warrants of the Corporation. Each warrant entitles the holder thereof to purchase one common share of the Corporation for a period of 24 months at a price of $0.15 per share.

Finders’ fees of 8% of the gross proceeds of the offering may be paid in cash and innon-transferable finder’s fees warrants.

The above-mentioned private placements are subject to the approval of the TSX Venture Exchange.

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