Wallbridge Mining Company Limited press release
Canada Rare Earths Arranges $600,000 Non-Brokered Private Placement
TSX - Toronto Stock Exchange · Gold · Canada
(via Thenewswire.ca)
Vancouver, British Columbia - March 5th, 2012 - Canada Rare Earths Inc. ("Canada Rare Earths" or the "Company") (TSX.V: CJC; FSE: YXEN; OTC-BB: CJCFF) announces that it has arranged a non-brokered private placement offering (the "Offering") of up to 6,000,000 units (the "Units") of the Company priced at $0.10 per Unit, for gross proceeds of $600,000, subject to TSX Venture Exchange approval. Each Unit will consist of one share and one share purchase warrant exercisable at a price of $0.20 for a period of 2 years from the date of closing.
Proceeds from the Offering will be used to advance the Company's graphite projects previously announced on February 27, 2012, and for general working capital.
Finder's fees may be payable in connection with this Offering.
For more information on Canada Rare Earths Inc., please visit www.canadarareearths.com or call 604.685.5851.
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.
On Behalf of the Board,
"Chad McMillan"
President & CEO
Copyright (c) 2012 Thenewswire.ca - All rights reserved.
Earlier from Wallbridge Mining Company Limited
- IIROC Trading Resumption - CJC
- Canada Rare Earths Acquires 3 New Quebec Graphite Projects and Discusses Goeland Rare Earth Exploration Program Results
- Canada Rare Earths Announces Pre-Development Agreement with The Grand Council of the Crees (EI)/Cree Regional Authority and The Cree First Nation of Waswanipi