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| April 15, 2009 Appointment of VP Business Development / 3,000,000 Unit Private Placement / Setting of Incentive Stock Options | |
| Vancouver, B.C.: CMC Metals Ltd. (the "Company") is pleased to announce the appointment of Gord Zelko of StoxNetwork Corp. as the Vice President of Business Development for the Company effective today. Mr. Zelko has over 15 years of extensive experience in marketing and business development in the mineral industry. The Company feels he will be an integral part of its management team and will provide a positive contribution to the company's future. The Company further announces that it has agreed to issue up to 3,000,000 Units at $0.10 per unit, each unit consisting of one common share and one share purchase warrant, with each full warrant exercisable for one common share at $0.15 per share for a two year term. The proceeds of this private placement will be used for general working capital. There may be a finder's fee payable in relation to this private placement and the same is subject to regulatory approval. In addition, the Company further wishes to announce that will grant up to 2,500,000 common shares pursuant to incentive stock options for granting to certain of its directors and employees under the Company's 2008 Stock Option Plan, which Plan received shareholder approval at the April 7, 2008 Annual General Meeting. The options will be granted at the exercise price of $0.15 per share for a five year period, subject to TSX Venture Exchange approval. This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents. On behalf of the Board: "Don Wedman" Don Wedman, P.Eng. President/CEO CMC METALS LTD. For further information on the Company, please contact Mr. Gord Zelko, VP Business Relations at StoxNetwork Corp. Telephone: 250-495-7123, or Email: contact@stoxnetwork.com. 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. | |
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