Vancouver, British Columbia--(Newsfile Corp. - July 3, 2013) - Canadian Metals Inc. (CNSX: CME) lists on the Canadian National Stock Exchange. The company completed an IPO offering of 5,399,000 units at a price of $0.15 per unit, raising $810,000 in gross proceeds, with Industrial Alliance Securities acting as agent for the offering. Each unit consisted of one common share and one warrant, with each warrant exercisable at $0.25 for a period of 18 months.
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Its flagship property, the Massicotte property, is located in the Detour Gold Trend in the province of Quebec. It is located about 45 kilometres east of Matagami, and consists of 5 claim blocks covering 26.8 thousand hectares.
The property has a long history of exploration with the first work by the Quebec Government dating back to 1901. Several anomalous gold values have been obtained in historical drill holes, along with massive sulphide intersections. For more information on this property, you can refer to the NI 43-101, which is available on Sedar.com.
The company is also looking for new projects to complete its portfolio.
The shares are currently trading at $0.21, a premium to the IPO price, and with 18.1 million shares outstanding, the company is capitalized at $3.8 million.
For more information about Canadian Metals, please visit the company's website at www.CanadianMetalsInc.com or contact the company's president, David Vincent at 514-248-0787 or by email dvincent@CanadianMetalsInc.com.
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