CBM Asia Development Corp. Announces $5,000,000 Private Placement

 CBM Asia Development Corp. (TSXV:TCF,FWB:IY2) announced a non-brokered private placement, in place of the Company’s previously announced private placement on May 9, 2013. The private placement is at a price of $0.10 per share, of up to 50,000,000 shares, for gross proceeds of up to $5,000,000.

As quoted in the press release:

…announces a non-brokered private placement of up to 50,000,000 shares at a price of CAD0.10 per share for gross proceeds of up to CAD5.0 million (the “Offering”) in place of the Company’s previously announced private placement on May 9, 2013.

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