| | | June 03, 2009 Increase in 3,000,000 Unit Private Placement at $0.10 Per Unit
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| | Vancouver, B.C.: CMC Metals Ltd. (the "Company") is pleased to announce that its $0.10 Unit private placement announced April 15, 2009 has been oversubscribed and increased from 3,000,000 Units to 4,000,000 Units. The terms of the units remain the same in that each unit consists 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 the $400,000 raised will be used for general working capital. Finder's fees are payable in relation to this private placement by way of cash or shares. All other terms of this placement remain unchanged.
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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