Canadian International Minerals Inc. (CIN) is a Vancouver based junior mining explorer focused on early stage project generation and new discovery. The company management has broad based exploration skills and extensive industry contacts, as well as a proprietary geological data base that can only be developed by a long commitment to minerals exploration. We stay current with the latest developments in geoscience to generate new ideas and localities to explore and exploit
CIN is committed to Canada for its political stability and its immense potential for new discovery of precious, base and strategic metals. We have a policy of early engagement with First Nations and are conscious of environmental concerns that may impact or hinder mine development. Good geology and exploration potential is always in the forefront: but we will only go where we are welcome.
The life blood of a junior exploration companys is a high project flow. If a project does not show sufficient potential after a careful evaluation, CIN will move on. Investors in junior explorers are there for the high return in capital appreciation that a new discovery brings. CIN's management is committed to that discovery.
Canadian International Minerals Inc. has arranged, subject to regulatory approval, a private placement of up to two million units at five cents per unit for total gross proceeds of up to $100,000. Each unit will consist of one common share and one transferrable share purchase warrant, with each warrant exercisable into an additional common share for a period of two years at a price of 10 cents in the first year and
15 cents in the second year of the term of the warrant.
The company has also arranged, subject to regulatory approval, a private placement of up to one million flow-through units at a price of seven cents per flow-through unit for total gross proceeds of up to $70,000.
Each flow-through unit consists of one flow-through common share and one transferable share purchase warrant, with each warrant exercisable into one non-flow-through common share for a period of two years at a price of 10 cents in the first year and 15 cents in the second year of the term of the warrant.
The proceeds of the private placements will be used for qualified exploration expenditures on the company's mineral properties and for general working capital.
