Canadian Metals Announces Closing of Private Placement
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Canadian Metals Inc. CSE: CME
Canadian Metals Inc. Announces Closing of Private Placement
March 1st, 2019 - Montréal, Québec – Canadian Metals Inc. (the “Corporation”) (CSE: CME) is
pleased to announce that it has closed a private placement of 2,500,000 units (each a “ Unit”) of
the Corporation at a price of $0.10 per Unit for gross proceeds of $250,000 (the “Offering”).
Each Unit consists of one common share (each a " Share") and one -half of one Share purchase
warrant (the " Warrant"). Each Warrant issued under this tranche will be exercisable by the
holder to acquire one additional Share at a price of $0.15 until September 1st, 2020.
The Corporation intends to use the net proceeds from the Offering to advance the general
development of its Baie -Comeau ferroalloys project and for general working capital and
corporate purposes.
The securities issued under the Offering are subject to a four month hold period expiring on July
2nd, 2019.
The Offering was completed on a private pl acement basis pursuant to prospectus exemptions of
applicable securities laws and is subject to final acceptance by CSE.
The Corporation also announces, further to its November 28, 201 8 press releases, the execution
of a n amended and restated acquisition agreement (the “ Revised Agreement ”) with FeTiV
Minerals Inc. (“ FeTiV”), replacing the in itial subscription agreement. The Revised Agreement
provides for the acquisition of a direct 20% interest in the Silicate Brutus, Seignelay, Lac Robot,
Baie-Trinité and Mouchalagane properties, subject to a 2% NSR . The consideration paid by the
Corporation remained unchanged.
About Canadian Metals
Canadian Metals is a diversified resource company focused on creating shareholder value through
the developmen t of large -scale industrial mineral portfolios in specific commodities and
jurisdictions that will fuel the new energy economy. The company is uniquely positioned to
pursue this strategy in silicon, precious and base metal assets.
For more information, please contact:
Sean Tufford Vice President
Corporate Development
Email: [email protected]
Phone: (902) 818 -8807
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Stéphane Leblanc
Chief executive officer
Email: [email protected]
Website: www.canadianmetalsinc.com
Cautionary Statements Regarding Forward-Looking Information
Certain statements included herein may con stitute “forward-looking statements”. All statements
included in this press release that address future events, conditions, or results, including in
connection with the prefeasibility study, its financing, job creation, the investments to complete
the proj ect and the potential performance, production, and environmental footprint of the
ferrosilicon plant, are forward -looking statements. These forward -looking statements can be
identified by the use of words such as “may”, “must”, “plan”, “believe”, “expect”, “estimate”,
“think”, “continue”, “should”, “will”, “could”, “intend”, “anticipate”, or “future”, or the negative
forms thereof or similar variations. These forward -looking statements are based on certain
assumptions and analyses made by management in ligh t of their experiences and their perception
of historical trends, current conditions, and expected future developments, as well as other factors
they believe are appropriate in the circumstances. These statements are subject to risks,
uncertainties, and as sumptions, including those mentioned in the Corporation’s continuous
disclosure documents, which can be found under its profile on SEDAR ( www.sedar.com). Many
of such risks and uncertainties are outside th e control of the Corporation and could cause actual
results to differ materially from those expressed or implied by such forward -looking statements.
In making such forward -looking statements, management has relied upon a number of material
factors and assu mptions, on the basis of currently available information, for which there is no
insurance that such information will prove accurate. All forward-looking statements are expressly
qualified in their entirety by the cautionary statements set forth above. The Corporation is under
no obligation, and expressly disclaims any intention or obligation, to update or revise any
forward-looking statements, whether as a result of new information, future events or otherwise,
except as expressly required by applicable law. Neither the CSE nor its Regulation Services
Provider accepts responsibility for the adequacy or accuracy of this release.
Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or
accuracy of this release.