Completes 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.
COMPLETES FINANCING
March 16, 2015 Trading Symbol CIN-TSX.V
Canadian International Minerals Inc. (the “Company”) (CIN – TSX Venture) is pleased to announce that it has closed its private placement of 3,100,000 units at a price of $0.025 per unit for total gross proceeds of up to $77,500. Each unit consists of one common share and one transferable share purchase warrant, each warrant exercisable into one additional common share until March 11, 2017, at a price of $0.05 per share in the first year and $0.10 per share in the second year of the term of the warrant.
The Company issued 50,000 units in payment of finder’s fees in respect of the placement, each unit having the same terms as those issued under the placement.
The proceeds of the private placement will be used as follows:
| Description | Amount |
|---|---|
| Three Amigos exploration work | $25,000.00 |
| MacKay LLP - auditor fees | 17,671.50 |
| Computershare – transfer agency fees | 1,031.20 |
| Legal fees | 3,621.22 |
| TSX Venture Exchange – sustaining fees | 5,460.00 |
| Unallocated working capital | 24,716.08 |
| Total | $77,500.00 |
Unallocated working capital will be used to maintain operations and cover general and administrative expenses for the next six months.
All securities issued pursuant to the placement are subject to regulatory hold periods expiring on July 12, 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."