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| February 23, 2009 Shares for Debt Settlement | |
| Vancouver, B.C.: CMC Metals Ltd. (the "Company") wishes to announce that it has settled approximately $575,000 worth of liabilities for a cash payment of $297,919.14, discounted by $32,848.86, and settled the balance of the debt, subject to regulatory approval, by the issuance of up to 1,850,000 common shares at $0.15 per share. The shares for debt transaction will not result in a change of control. The Company is actively working with the Yukon Government to seek permitting for the Silver Hart Property. This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents. On behalf of the Board: "Michael C. Scholz" Michael C. Scholz Director / CFO CMC METALS LTD. 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. | |
You can view the Next News Releases item: Wed Apr 15, 2009, Appointment of VP Business Development / 3,000,000 Unit Private Placement / Setting of Incentive Stock Options You can view the Previous News Releases item: Wed Jan 21, 2009, Amendment/Increase of 5,000,000 Unit Flow-Through Private Placement @ $0.15 Per Unit You can return to the main News Releases page, or press the Back button on your browser. |
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