Canadian Metals Announces Non-Brokered Private Placement of Flow-Through Units and 5:1 Share Consolidation
Canadian Metals Inc. CSE: CME
Canadian Metals Announces Non-Brokered Private Placement of Flow-Through Units and 5:1
Share Consolidation
December 13, 2022, Montréal, Québec. - Canadian Metals Inc. (“CME ” or the “Corporation ”) (CSE:
CME) is pleased to announce that it intends to complete a non- brokered private placement (the “Private
Placement”) for gross proceeds of up to $1,700,000 through the issuance of up to 53,797,468 flow-through
units (each, a “FT Unit”) at a price of $0.0316 per FT Unit.
Each FT Unit will be comprised of one common share in the capital of the Corporation issued on a “flow-
through” basis (each, a “FT Share”) and one common share purchase warrant (each, a “Warrant”). Each
Warrant will entitle the holder to purchase one additional non-flow-through common share the capital of
the Corporation at a price of $0.048 for a period of 24 months from its issuance.
All securities issued in respect of the Private Placement will be subject to a hold period of four (4) months
and a day from closing of the Private Placement in accordance with securities laws. The proceeds from the
Private Placement will be used by the Corporation for eligible flow-through expenditures. The Corporation
may pay finder’s fees to certain qualified arm’ s len gth finders , subject to approval by the Canadian
Securities Exchange (the “CSE”).
The Private Placement is subject t o cer tain conditions, including but not limited t o, the receipt of all
necessary regulatory and stock exchange approvals, including the approval of the CSE.
Share Consolidation
The Corporation proposes to consolidate its issued and outstanding share capital on the basis of five ( 5)
pre-consolidation Shares for one ( 1) post-consolidation Share (the “Share Consolidation ”). At the 2023
annual and special meeting of the holders of Shares (the “Shareholders”), the Shareholders will be asked
to consider and, if deemed appropriate, to pass, with or without variation, a special resolution approving
the Share Consolidation. The Corporation shall: (i) issue a subsequent news release containing further
information with respect to the Share Consolidation; and (ii) provide to the Shareholders an information
circular pertaining to such matters in due course. The Share Consolidation is also subject to approval of the
CSE.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities
in the United States. The securities have not been and 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 or to or for the account or benefit of a U.S. person (as defined in
Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable
state securities laws or pursuant to an exemption from such registration requirements.
About Canadian Metals Inc.
Canadian Metals is a diversified resource company focused on creating shareholder value through the
development of large-scale mineral deposits in specific commodities and safe jurisdictions.
For more information, please contact:
Michel Gagnon
On behalf of the Board of Directors
Website: www.canadianmetalsinc.com
Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy
of this release.
The statements in this news release that are not historical facts are “forward- looking statements”. Readers are
cautioned that any such statements are not guarantees of future performance, and that actual developments or results
may vary materially from those described in such “forward-looking” statements.