Scandium International Announces Private Placement Financing
Scandium International Announces Private Placement
Financing
Vancouver, British Columbia--(Newsfile Corp. - April 23, 2018) - Scandium International Mining Corp. (
TSX: SCY
) (
"Scandium
International" or the "Company"
) is pleased to announce that it has received C$900,000 pursuant to a private placement of
5,000,000
common shares, priced at C$0.18 per share.
The investor was Rothschild Asset Management.
No fees were paid on
the transaction.
The proceeds from the financing will be used for general working capital, and specifically for the advancement of the Company's
Nyngan Scandium Project in NSW, Australia.
All securities issued under the private placement will be subject to a Canadian hold period expiring four months after the closing
date. The securities will also be subject to restrictions on resale under U.S. federal securities laws.
Closing of the private
placement is subject to stock exchange approval.
For inquiries to Scandium International Mining Corp, please contact:
Edward Dickinson (CFO)
Tel: (775) 233-7328
George Putnam (CEO)
Tel: (925) 208-1775
Email:
The securities offered will not
be
registered under the United States Securities Act of 1933, as amended (the "U.S. Securities
Act") or any state securities laws, and may not be offered or sold within the United States unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption from such registration is available.