Critical Elements Announces First Closing of $300,000
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwired) -- 12/02/14 -- Critical Elements Corporation (TSX VENTURE: CRE)(OTCQX: CRECF)(FRANKFURT: F12) is pleased to announce that it has closed the first tranche of a non-brokered private placement, for an amount of $300,000.
The Company has issued 1,200,000 units of common shares at a price of $0.25 per share for gross proceeds of $300,000. Each unit consists of one common share priced at $0.25 and one half of one purchase warrant. Each whole purchase warrant entitles the holder thereof to purchase one common share of the Corporation for a period of 36 months at a price of $0.35 per share.
The Company paid EMD Financial Inc. and Marquest Capital Markets intermediary fees of $24,000, along with 96,000 compensation options entitling their holders to purchase 96,000 common shares of the Company at a price of $0.35 per share for a 36-month period following the closing of the private placement.
All the securities issued under the private placement are subject to a mandatory hold period of four months plus one day following the closing of the private placement.
The proceeds of this private placement will be used for working capital.
The private placement is subject to regulatory approval.
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.
Contacts:
Jean-Sebastien Lavallee, P.Geo.
President and Chief Executive Officer
819-354-5146
Investor Relations:
Paradox Public Relations
514-341-0408
The Howard Group Inc.
Jeff Walker
Senior Associate
1-888-221-0915
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Datum: 02.12.2014 - 21:30 Uhr
Sprache: Deutsch
News-ID 356769
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contact information:
Town:
MONTREAL, QUEBEC
Kategorie:
Mining & Metals
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