CAT Strategic Metals Closes First Tranche of Private Placement

CAT Strategic Metals Closes First Tranche of Private Placement

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CAT Strategic Metals Corporation ( CSE:CAT )(OTC PINK:CATTF)(FRA:8CHA) ("CAT" or the "Company") announces that it has closed the first tranche of the previously announced non-brokered private placement (the "Private Placement"), whereby the Company issued 27,816,666 units (the "Units") at a price of CDN$0.03 per Unit for proceeds of $834,500. Each Unit is comprised of one common share in the capital of the Company (a "Share") and one whole non-transferable share purchase warrant (a "Warrant"). Each whole Warrant will be exercisable to acquire one Share at an exercise price of CDN$0.05 per Share for a period of 36 months from the date of issuance

The securities issued pursuant to the Private Placement, and any Shares that may be issuable on exercise of any such securities, are subject to a statutory hold period expiring four […]

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