Tuesday, June 30, 2015 12:58:22 PM
News Release - Monday, June 29, 2015
Vancouver, B.C.: CMC Metals Ltd. (the "Company") wishes to announce that it has increased its originally announced 11,000,000 Unit private placement as announced pursuant to its June 10, 2015 press release, to 12,000,000 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 $0.07 per share for a two year period. The proceeds derived from the total 12,000,000 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 $33,787.50 in cash and 675,750 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.
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