Vancouver, British Columbia / TheNewswire / December 16, 2016 – Canadian International Minerals Inc. (the “Company”) (CIN – TSX Venture) is pleased to announce that it has closed its private placement of 1,620,000 units at $0.025 per unit for total gross proceeds of $40,500.  Each unit consists of one common share and one transferable share purchase warrant, each warrant exercisable into one additional common share at a price of $0.05 per share until December 16, 2018.  

All securities issued under the placement are subject to statutory hold periods expiring April 17, 2017.

The proceeds of the private placement will be used as follows:

Pay Directors and Officers	$15,000.00
Legal and AGM costs	$  5,000.00
Office and administration	$  5,000.00
General working capital	$15,500.00
Total	$40,500.00

 

ON BEHALF OF THE BOARD

Michael Schuss, President and CEO

For further information, please contact:

Canadian International Minerals Inc.

Michael E. Schuss

President and CEO

Phone: 604-241-2254

 

Website:  www.cin-v.com

 

Forward-looking Information

 

This news release contains projections and forward-looking information that involve various risks and uncertainties regarding future events.  Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company.  The following are important factors that could cause the Company’s actual results to differ materially from those expressed or implied by such forward looking statements; the uncertainty of future profitability; and the uncertainty of access to additional capital.  These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information.  Actual results and future events could differ materially from anticipated in such information.  These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressed qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.

 

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.