Canadian International Minerals Announces closing of its Flow-Through Private Placement
January 3, 2018 – Vancouver, British Columbia – Canadian International Minerals Inc. (the “Company”) (TSX-V: CIN; FRANKFURT: 25C1) announces the closing of its non-brokered flow-through private placement announced November 27 and December 1, 2017. The placement closed on December 29, 2017. A commission was paid on a portion of the private placement.
On closing the Company issued 2,455,000 common shares at a price of $0.20 per share for gross proceeds of $491,000. A finder’s fee of $19,600 and 98,000 finder’s fee warrants were issued. Each warrant entitles the holder to purchase one common share of the Company at a price of $0.25 per share for a period of two years, expiring December 28, 2019.
The shares and any shares that are issued pursuant to the exercise of the Finder’s Fee Warrants are subject to a four-month hold period from the closing of the private placement.
The proceeds of the private placement will be used for continuing exploration programs on the Company’s mineral exploration projects.
ON BEHALF OF THE BOARD
Michael Schuss, President & CEO
For further information, please contact:
Canadian International Minerals Inc.
Michael E. Schuss
President and CEO
photo credit: Canadian International Minerals