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CMC Metals Ltd. Announces Terms of Private Placement Units to Raise C$500,000

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CMC Metals announced a private placement to raise C$500,000, with potential to reach C$750,000 through the sale of flow-through units and non-flow-through units. The company will use the proceeds for exploration programs in various properties. The Offering involves finder's fees, and all securities issued will be subject to hold periods and regulatory approvals.

CMC Metals ha annunciato un collocamento privato per raccogliere 500.000 dollari canadesi, con la possibilità di raggiungere 750.000 dollari attraverso la vendita di unità di flusso e non di flusso. I proventi saranno utilizzati per programmi di esplorazione in diverse proprietà. L'offerta prevede il pagamento di commissioni di intermediazione e tutte le azioni emesse saranno soggette a periodi di detenzione e approvazioni regolamentari.
CMC Metals anunció una colocación privada para recaudar 500.000 dólares canadienses, con el potencial de alcanzar los 750.000 dólares mediante la venta de unidades con derecho a flujo y unidades sin derecho a flujo. Los ingresos se destinarán a programas de exploración en diversas propiedades. La oferta involucra honorarios de intermediarios y todos los valores emitidos estarán sujetos a períodos de retención y aprobaciones regulatorias.
CMC Metals는 유동성 유닛 및 비유동성 유닛 판매를 통해 C$500,000를 모으고 최대 C$750,000까지 도달할 수 있는 사적 배치를 발표했습니다. 회사는 이 자금을 다양한 속성에서의 탐사 프로그램에 사용할 예정입니다. 이 제안은 발견자 수수료를 포함하며 발행된 모든 증권은 보유 기간 및 규제 승인을 받아야 합니다.
CMC Metals a annoncé un placement privé pour lever 500 000 dollars canadiens, avec la possibilité d'atteindre 750 000 dollars grâce à la vente d'unités accréditives et non accréditives. Les fonds recueillis seront utilisés pour des programmes d'exploration sur diverses propriétés. L'offre comprend des frais de recherche et tous les titres émis seront soumis à des périodes de détention et à des approbations réglementaires.
CMC Metals gab eine Privatplatzierung bekannt, um 500.000 Kanadische Dollar zu sammeln, mit der Möglichkeit, durch den Verkauf von Flow-Through-Einheiten und Non-Flow-Through-Einheiten bis zu 750.000 Kanadische Dollar zu erreichen. Die Erlöse werden für Explorationsprogramme in verschiedenen Liegenschaften verwendet. Das Angebot umfasst Finderlöhne und alle ausgegebenen Wertpapiere unterliegen Haltefristen und behördlichen Genehmigungen.
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VANCOUVER, BC / ACCESSWIRE / April 29, 2024 / CMC Metals Ltd. (TSX-V:CMB)(Frankfurt:ZM5P)(CMCXF:OTCQB) ("CMC" or the "Company") is pleased to announce the terms to its proposed non-brokered private placement. The proposed terms are to sell flow-through units of the Company (each, a "FT Unit") at a price of C$0.04 per FT Unit and for gross proceeds of $400,000 and non-flow-through units of the Company (each, a "Unit") at a price of C$0.035 per Unit for gross proceeds of $100,000. The aggregate gross proceeds will be C$500,000 and may be increased up to C$750,000 (collectively, the "Offering"). Red Cloud Securities Inc. and other agents will be acting as finder on behalf of the Company in relation to the Offering. A new corporate presentation has been placed in the company website at www.cmcmetals.ca and interested participants are encouraged to contact the Company President and CEO - Kevin Brewer for further information.

Each FT Unit will consist of one common share of the Company to be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) (each, a "FT Share") and one-half of one transferrable non-flow-through share purchase warrant (each full warrant, a "Warrant"). Each Unit will consist of one common share of the Company (each, a "Unit Share") and one Warrant. Each whole Warrant will entitle the holder thereof to acquire one non-flow-through common share of the Company (each, a "Warrant Share") at a price of C$0.07 per Warrant Share for a period of 24 months from the closing date of the Offering.

Proceeds from the sale of FT Shares to eligible investors in Canada will be used to incur "Canadian exploration expenses" and "flow through mining expenditures" as these terms are defined in the Income Tax Act (Canada). Such proceeds will be renounced to the subscribers with an effective date not later than December 31, 2024, in the aggregate amount of not less than the total amount of gross proceeds raised from the issue of FT Shares.

The net proceeds from the sale of FT Units will be used to fund the Company's exploration program at its Silverknife, Amy and Silver Hart Properties in the Rancheria Silver District, (Yukon/British Columbia), potentially limited activities at Logjam (Yukon) and Bridal Veil (Newfoundland and Labrador) and the net proceeds from the sale of NFT Units will be used for general working capital.

The Company may pay finders' fees comprised of cash and non-transferable warrants (the "Finder's Warrants") in connection with the Offering, subject to compliance with the policies of the TSX Venture Exchange. The terms of the Finder's Warrants will be the same as the Warrants distributed in the FT Units and the NFT Units. All securities issued and sold under the Offering will be subject to a hold period expiring four months and one day from their date of issuance. Closing is subject to customary closing conditions including, but not limited to, the negotiation and execution of subscription agreements and receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange.

The securities being offered will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or any applicable state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. persons," as such term is defined in Regulation S promulgated under the U.S. Securities Act, absent registration or an exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About CMC Metals Ltd.

CMC Metals Ltd. is a growth stage exploration company focused on opportunities for high grade polymetallic deposits in British Columbia, Yukon and Newfoundland. Our flagship project is the Silverknife Property in the emerging Rancheria Silver District. Other projects in this District include the Amy project (British Columbia) and the Silver Hart Deposit/Blue Heaven claims (Yukon). Our polymetallic projects with potential for copper-silver-gold and other metals include Bridal Veil (Newfoundland) and Logjam (Yukon), both of which are available for option.

On behalf of the Board:

"Kevin Brewer"
Kevin Brewer, President, CEO and Director
CMC METALS LTD.

For Further Information and Investor Inquiries:

Kevin Brewer, P. Geo., MBA, B.Sc.(Hons), Dip. Mine Eng.
President, CEO and Director
Cellular : (+52) 669 198 8503
kbrewer80@hotmail.com
Suite 1000-409 Granville St.
Vancouver, BC, V6C 1T2

To be added to CMC's news distribution list, please send an email to info@cmcmetals.ca or contact Mr. Kevin Brewer directly.

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.

"This news release may contain certain statements that constitute "forward-looking information" within the meaning of applicable securities law, including without limitation, statements that address the timing and content of upcoming work programs, geological interpretations, receipt of property titles and exploitation activities and developments. In this release disclosure regarding the potential to undertake future exploration work comprise forward looking statements. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks, including the ability of the Company to raise the funds necessary to fund its projects, to carry out the work and, accordingly, may not occur as described herein or at all. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, the impact of the constantly evolving COVID-19 pandemic crisis and continued availability of capital and financing and general economic, market or business conditions. Readers are referred to the Company's filings with the Canadian securities regulators for information on these and other risk factors, available at www.sedar.com. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation."

SOURCE: CMC Metals Ltd.



View the original press release on accesswire.com

FAQ

What is the purpose of CMC Metals 's private placement units offering?

The purpose is to raise C$500,000, with potential to reach C$750,000, through the sale of flow-through units and non-flow-through units.

What will the proceeds from the sale of FT Shares be used for?

The proceeds will be used for Canadian exploration expenses and flow-through mining expenditures.

Where will the Company's exploration program focus on?

The exploration program will focus on properties in the Rancheria Silver District, Yukon/British Columbia, as well as activities in Yukon and Newfoundland and Labrador.

What are the terms of the Finder's Warrants in connection with the Offering?

The terms of the Finder's Warrants will be the same as the Warrants distributed in the FT Units and the NFT Units.

Are the securities being offered registered under the U.S. Securities Act?

No, the securities being offered will not be registered under the U.S. Securities Act of 1933.

What are the closing conditions for the offering?

Closing is subject to customary closing conditions, including negotiation and execution of subscription agreements and regulatory approvals.

How long is the hold period for the securities issued under the Offering?

The hold period for the securities issued will expire four months and one day from their date of issuance.

CMC METALS LTD ORD

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