(via Thenewswire.ca)
Vancouver, B.C.: CMC Metals Ltd. (the "Company") wishes to announce that further to its press releases dated August 21, 2009 and January 29, 2010, the terms of the 1,270,000 Unit private placement have been revised to amend the Unit offering price to
.20 per Unit from
.25 per Unit and amend the exercise price of the Warrants attached to the Units from
.30 per share to
.25 per share. Each Unit will remain to consist of one common share and one transferable share purchase warrant. Every two warrants surrendered will be exercisable for one additional common share at
.25 per share for a period of twelve months. The proceeds of this private placement will be used to pay for general working capital purposes A finder's fee may be payable in relation to this private placement in accordance with Exchange policies.
This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.
On behalf of the Board:
"Michael C. Scholz
Michael C. Scholz
CMC METALS LTD.
For further information on the Company, please contact Mr. Gord Zelko, VP Business Relations at StoxNetwork Corp. Telephone: 250-495-7123, or Email: gz@mineralstocks.com.
Neither the 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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