(via Thenewswire.ca)
Vancouver, BC / TheNewswire / June 9, 2015 - Canadian International Minerals Inc. (the "Company") (CIN - TSX Venture) is pleased to announce that it has closed its private placement of 1,250,000 non flow through units at a price of $0.02 per unit for total gross proceeds of $25,000. Each unit consists of one common share and one transferable share purchase warrant, each warrant exercisable into one additional common share until June 8, 2017, at a price of $0.05 per share.
The proceeds of the private placement will be used as follows:
|
Description
|
Amount
|
|
Auditor fees and disbursements
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$5,000.00
|
|
AGM costs
|
2,500.00
|
|
Michael Schuss, President and CFO
|
2,500.00
|
|
Casey Forward, CFO
|
2,500.00
|
|
Unallocated working capital
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12,500.00
|
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Total
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$25,000.00
|
The unallocated working capital noted in the above table will be used to maintain operations and cover ongoing general and administrative expenses.
All securities issued pursuant to the placement are subject to regulatory hold periods expiring October 9, 2015.
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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