Canadian International Minerals Inc. Arranges Private Placement
July 17, 2017 – Vancouver, British Columbia – Canadian International Minerals Inc. (the “Company”) (TSX-V: CIN; FRANKFURT: 25C1) announces that is has closed its private placement of 1,350,000 units at $0.02 per unit, for total proceeds of $27,000. Each unit consists of one common share and one transferable share purchase warrant, each warrant exercisable into one additional common share at a price of $0.05 per share until July 12, 2020.
The proceeds of the private placement will be used as follows:
Description Amount
Office and Administration $5,000.00
Legal / Paralegal $5,000.00
Accounts Payable $3,000.00
Unallocated working capital $14,000.00
Total $27,000.00
All securities issued under the placement are subject to statutory hold periods expiring November 12, 2017.
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For further information, please contact:
Canadian International Minerals Inc.
Michael E. Schuss President and CEO Phone: 604-241-2254
Website: www.cin-v.com