Canadian International Minerals Inc. Arranges Financing
March 17 2014 - 6:07PM
Access Wire
Vancouver, BC / ACCESSWIRE / March 17, 2014 / Canadian
International Minerals Inc. (the "Company") (CIN - TSX Venture)
announces that it has arranged, subject to TSX Venture Exchange
acceptance, a private placement of up to 8,750,000 units at a price
of $0.08 per unit for total gross proceeds of up to $700,000. Each
unit will consist of one common share and one transferable share
purchase warrant, each warrant exercisable into one additional
common share for a period of one year from the date of issue at a
price of $0.12 per share.
The proceeds of the private placement will be used to
advance the recently announced Reindeer River syndicate project in
Saskatchewan and for general working capital.
Finders' fees may be payable in whole or in part on the
private placement pursuant to the policies of the TSX Venture
Exchange.
ON BEHALF OF THE BOARD
Michael E. Schuss
President and Chief Executive Officer
For further information on Canadian
International Minerals Inc. please visit the Company website
at www.cin-v.com.
"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 or accuracy of this release."
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