Wednesday, June 10, 2015 7:06:25 PM
Vancouver, B.C. / TheNewswire / June 10, 2015 - CMC Metals Ltd. (the "Company") wishes to announce that it has agreed to issue up to 11,000,000 Units at $0.05 per unit, each unit consisting of one common share and one transferable share purchase warrant. One warrant will be exercisable for one additional common share at $0.07 per share for a two year period. The proceeds derived from this placement will be used towards further development of the Company's Bishop Mill and Radcliff Property projects held in the US. A finder's fees may payable in relation to this private placement. This transaction is subject to TSX Venture Exchange approval.
The Company wishes to clarify the terms of the options to be granted pursuant to its June 10, 2015 Press Release disseminated earlier today, in that the expiration date of the options is June 10, 2017, not June 10, 2015 as incorrectly referenced in the earlier June 10, 2015 Press Release.
This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.
On behalf of the Board:
"Jack Bal" __
Jack Bal, President & CEO
CMC METALS LTD.
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