Canadian International Minerals Inc (TSXV: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 database 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 develop.
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 lifeblood of a junior exploration company is a high project flow. If a project does not show sufficient potential after thorough 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 making that discovery.
Canadian International Minerals Inc. has closed its private placement of 2,531,250 units at eight cents per unit for total gross proceeds of $202,500. 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 12 cents per share. All securities issued under the placement are subject to hold periods expiring on Sept. 8, 2014.
The proceeds of the private placement will be used to finance further exploration on the company's mineral properties and for general working capital.