Canadian International Minerals Inc is a junior resource company focused on the exploration, discovery and development of deposits of exotic metals and minerals in demand for technologies related to renewable energy, hybrid vehicles, clean air and carbon emission reduction.

 

Canadian International Minerals Inc. has arranged, subject to regulatory approval, a private placement of up to two million flow-through units at 10 cents per unit for total gross proceeds of up to $200,000. Each unit will consist of one flow-through common share and one-half of one transferable share purchase warrant, each whole warrant exercisable into one non-flow-through common share for a period of two years at a price of 15 cents per share in the first year and 25 cents per share in the second year.

 

The proceeds of the private placement will be used for qualified exploration expenditures on the company's mineral properties.

 

Finders' fees may be payable in whole or in part in connection with the placement pursuant to the policies of the TSX Venture Exchange.