Vancouver, B.C. / TheNewswire / June 4, 2015 -- CMC Metals Ltd. (the "Company") wishes announce that on May 31, 2015 the Company submitted the final documentation required by the Lahontan Water Board in regards to the Company's Bishop Mill facility. The final document consists of a Preliminary Closure and Post-Closure Maintenance Plan (PCPMP) for the Bishop Mill (WDID No. 6B140505002). The PCPMP addresses the eventual closure of the waste management unit, site reclamation, and post-closure maintenance activities at the Bishop Mill in accordance with 27 CCR 22510 and Waste Discharge Requirements (Board Order No.R6V-2011-0048) issued by the Lahontan Water Board. The PCPMP is the last major hurdle to commissioning the Bishop Mill and the Company is working diligently with Lahontan in the approval process.
The Company further wishes to announce that it has increased its originally announced 10,000,000 Unit private placement as announced pursuant to its April 15, 2015 press release, to 10,160,000 Units on the same terms and conditions as set out in the referenced release and has closed the placement. The Units remain at $0.05 per Unit with each Unit consisting of one common share and one transferable share purchase warrant. Each one warrant will be exercisable for one additional common share at $0.06 per share for a two year period. The proceeds derived from the total 10,160,000 Unit private placement will be used to continue the Company's operations at the Bishop Mill and Radcliff projects held in the United States. A finder's fee is payable pursuant to this placement by way of cash and broker's warrants equal to 8.5% of the total raised by the finder, being a total of $13,175 in cash and 263,500 in broker's warrants issued on the same terms and conditions as the Units.
On behalf of the Board:
"Jack Bal" __
Jack Bal, President & CEO
CMC METALS LTD.
