Arranges Financing
CANADIAN INTERNATIONAL MINERALS INC.
PO Box 28012 West Pender St PO Vancouver, BC, V6C 3T7 Tel: 604-241-2254 [email protected] www.cin-v.com
CANADIAN INTERNATIONAL MINERALS INC.
ARRANGES FINANCING
May 20, 2015 Trading Symbol CIN-TSX.V
Canadian International Minerals Inc. (the “Company”) (CIN – TSX Venture) announces that it has arranged a private placement of up to 1,000,000 flow-through units (the “FT Units”) at a price of $0.04 per FT Unit, each FT Unit consisting of one flow-through common share and one transferrable share purchase warrant, each warrant exercisable into one non flow-through common share for a period of one year from the date of issue at a price of $0.05 per share. The Company has also arranged a private placement of up to 1,000,000 non flow-through units (the “NFT Units”) at a price of $0.02 per NFT Unit, each NFT Unit consisting of one non flow-through common share and one transferable warrant, each warrant exercisable into one non flow-through common share for a period of two years from the date of issue at a price of $0.05 per share.
Finders’ fees may be payable in whole or in part on the private placements pursuant to the policies of the TSX Venture Exchange.
Proceeds of the flow-through private placement will be used as follows:
| Description | Amount |
|---|---|
| Soil geochem, rock sampling and mapping | $35,000.00 |
| Tor Burland for onsite exploration work | 5,000.00 |
| Total | $40,000.00 |
Proceeds of the non flow-through private placement will be used as follows:
| Description | Amount |
|---|---|
| Auditor fees and disbursements | $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 | 7,500.00 |
| Total | $20,000.00 |
Unallocated working capital will be used to maintain operations and cover general and administrative expenses for the next six months.
The private placements are subject to the acceptance of the TSX Venture Exchange.
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."