(TheNewswire)
July 16, 2018 - Saskatoon, Saskatchewan / TheNewswire / - Canadian Platinum Corp.
(“ CPC ” or the “ Company ” - TSXV:CPC) announces that
the Company has closed tranche two of its previously announced non- brokered private placement
of units (“ Units ”), for gross proceeds of $315,650 (the “ Offering ”). The Offering consisted of the issuance of an aggregate of 12,626,000 Units at a price of
$0.025 per Unit. Each Unit consists of one common share in the capital of the Company (“ Common
Share ”) and one common share purchase warrant (“ Warrant ”) with each full
Warrant entitling the holder to acquire one Common Share at a price of $0.05 per Common Share, for a period of 24 months from the
closing of the Offering.
In connection with the Offering, the Company paid aggregate cash commissions to one arm’s length finder who
assisted with the Offering of approximately $1,500.00.
In connection with the Offering, the Company has received conditional listing approval from the TSX Venture
Exchange (“ TSXV ”) and completion of the Offering is subject to a number of customary
conditions including, but not limited to, the receipt of all necessary approvals, including the final approval of the TSXV. All
securities issuable pursuant to the Offering are subject to a four month hold period from the date of issuance in accordance with
applicable Canadian securities laws.
About Canadian Platinum Corp.
Canadian Platinum Corp. is a Canadian-based resource exploration and development company with its head office
in Saskatoon, SK. CPC is focused on the acquisition and development of a diversified portfolio of resource properties
including precious metals, base metals, platinum group elements and strategic metals including cobalt.
CANADIAN PLATINUM TRADES ON THE TSX VENTURE EXCHANGE UNDER THE SYMBOL “CPC”.
For more information, including news releases and technical reports providing more detail on the contents of
this news release, please visit our website at www.canplats.ca .
For further information:
Canadian Platinum Corp.
Gary Billingsley , President
Phone: 306-242-7363
Facsimile: 306-992-0729
To receive information by e-mail, visit www.canplats.ca and click “Contact Information”.
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.
CAUTION REGARDING FORWARD LOOKING STATEMENTS
Certain statements contained herein constitute forward-looking statements. Such forward-looking
statements are subject to both known and unknown risks and uncertainties which may cause the actual results, performances or
achievements of the Corporation to be materially different from any future results, performances or achievements expressed or
implied by such forward-looking statements. The forward-looking statements included in this press release are made as of the date
of this release and except as required by law, the Corporation does not undertake any obligation to publicly update or revise any
forward looking statements, whether as a result of new information, future events or otherwise.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any
securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale
would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities
Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from
registration requirements. This press release may contain statements within the meaning of safe harbour provisions as defined under
United States Securities Laws and Regulations. The above statements are based on the current expectations and beliefs of the
management of Canadian Platinum and are subject to a number of risks and uncertainties that may cause the actual results to differ
materially from those described above.
NOT FOR DISSEMINATION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Copyright (c) 2018 TheNewswire - All rights reserved.