MONTREAL, QUEBEC -- (Marketwired) -- 12/29/16 -- Canadian Metals Inc. (the "Corporation") (CSE: CME)(CSE: CME.CN) is pleased to announce, further to its news release dated December 23, 2016, that it has completed, subject to regulatory and CSE final approval, the private placement (the "Offering") of flow-through shares of the Corporation at a price of C$0.15 per share for gross proceeds of $249,000.
The Corporation intends to use the proceeds of the Offering for exploration works.
A finder received a cash commission of $18,920 representing 8% of the gross proceeds of the Offering.
All securities issued in connection with the Offering are subject to a four month hold period expiring April 30, 2017.
About Canadian Metals
Canadian Metals Inc. is focused exclusively on the development of its Langis Project, a high-purity silica deposit located in the province of Quebec. The Company is rapidly positioning itself to eventually become a North American silicon metal producer.
Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Hubert Vallée
President and CEO
hvallee@canadianmetalsinc.com
Stéphane Leblanc
Chief Investment Officer
sleblanc@canadianmetalsinc.com
www.canadianmetalsinc.com
