Vancouver, BC / March 6, 2014 / Canadian International Minerals Inc. (the "Company") (CIN - TSX Venture) is pleased to announce that it has closed its private placement of 9,000,000 units at $0.055 per unit for total gross proceeds of $495,000. Each unit consists of one common share and one transferable share purchase warrant, each warrant entitling the holder to purchase one additional common share for a period of one year at a price of $0.10 per share.
The Company made total cash payments of $6,765 and issued 123,000 share purchase warrants in respect of finders' fees on the placement. Each warrant entitles the holder thereof to purchase one common share of the Company for a period of one year at a price of $0.10 per share.
All securities issued under the placement are subject to hold periods expiring on July 7, 2014.
The proceeds of the private placement will be used to fund further exploration on the Company's mineral properties and for general working capital.
ON BEHALF OF THE BOARD
Michael E. Schuss
President and Chief Executive Officer
"Neither 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."
Release ID: 35237