China Minerals Closes 2nd Tranche of Private Placement
China Minerals Closes 2nd Tranche of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 1, 2018) - China Minerals Mining Corporation
(TSXV: CMV) (OTC Pink:
HWTHF) ("China Minerals" or the "Company")
is pleased to announce that it has closed the second, and final, tranche of
2,725,000 units of a non-brokered, private placement (the "
Offering
") announced in a press release dated November 28, 2017
for proceeds of $545,000.
Each Unit is comprised of one common share and one share purchase warrant (a "
Warrant
").
Each
Warrant will be exercisable into a common share (a "
Warrant Share
") in the capital of the Company at a price of $0.30 per
Warrant Share up to 5:00 pm (Vancouver time) on the second anniversary of the date of issuance of the Units.
The Units are
subject to a hold period of four months and one day.
The Company intends to use the proceeds from the Offering for exploration
and maintenance of the Company's current property, for assessing new projects and for general working capital.
About China Minerals Mining Corporation
China Minerals Mining Corporation is a Canadian based exploration and development company with offices located in
Vancouver, B.C. China Minerals' goal is to build an international mining company.
For more information on China Minerals, please contact the Company at (604) 694-2344, or visit the Company's website
at
www.chinamineralsmining.com.
ON BEHALF OF THE
COMPANY
"signed by
Wenhong Jin
"
Wenhong Jin
President, CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.
Cautionary Statement Regarding "Forward-Looking" Information
Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning
the specific factors disclosed here and elsewhere in China Minerals' periodic filings with Canadian securities regulators. When
used in this news release, words such as "will", "could", "plan", "estimate", "expect", "intend", "may", "potential", "appear",
"should," and similar expressions, are forward-looking statements.
Although China Minerals has attempted to identify important factors that could cause actual results, performance or
achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause
results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that such
information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or
results will materialize. As a result of these risks and uncertainties, the results or events predicted in these forward looking
statements may differ materially from actual results or events.
Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this
news release are made as of the date of this news release, and China Minerals disclaims any intention or obligation to update
or revise such information, except as required by applicable law.