Canadian Metals enters into Option Agreement
LEGAL_30985476.1
Canadian Metals Inc. CSE: CME
Canadian Metals enters into option agreement to expand its Blackshale
property located west of the Brunswick 12 mine.
April 9, 2019 Montréal, Québec. - Canadian Metals Inc. (“CME” or the “Company”)
(CSE: CME) is pleased to announce it has entered into an arm’s length option agreement
(the “Option”) to acquire an undivided 100% interest (the “Interest”) in 11 mining claims
adjacent to its Blackshale property located west of the Brunswick 12 mine.
Pursuant to the terms and conditions of the Option, the Corporation will issue 450,000
common shares (each a “Share”) in the capital of the Corporation as follows:
i. 150,000 Shares on the execution of the Option;
ii. 150,000 Shares on or before April 8, 2020; and
iii. 150,000 Shares on or before April 8, 2021.
Upon exercise of the O ption, CME will grant the optionors a 2 % Net Smelter Returns
(NSR) Royalty, subject to the right to purchase a 1% NSR royalty for $1,000,000.
This Option remains subject to approval of the Canadian Securities Exchange. The
Shares issued as consideration under this option agreement will be subject to a
statutory hold period of four months and one day from the date of issuance.
About Brunswick No.12 and Brunswick No.6
Brunswick No. 12 mine and Brunswick No. 6 mine. These mines produced approximately
150 million tonnes of plus 12 per cent zinc equivalent. Brunswick No. 12 was the largest
underground zinc mine for nearly 50 years, processing an average of 10,500 tonnes per
day.
About Canadian Metals Inc.
Canadian Metals is a diversified resource company focused on creating shareholder value
through the development 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.
LEGAL_30985476.1
For more information, please contact:
Stéphane Leblanc
Chief Executive Officer
Email: [email protected]
René Boisvert
President
Email: [email protected]
Website: www.canadianmetalsinc.com
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Certain statements included herein may constitute “forward -looking statements”. All statements included in
this press release that address future events, conditions, or results, including in connection with the
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