Critical Elements Announces Gypsy Swap
22 Fevereiro 2013 - 12:54PM
Marketwired Canada
Critical Elements Corporation (TSX VENTURE:CRE)(OTCQX:CRECF)(FRANKFURT:F12)
reports that a director of the Company have arranged a sale of 500,000 common
shares at a price of $0.205 per share, to a European institution, through the
facilities of the TSX Venture Exchange. The proceeds from this sale will be used
to fund a private placement of 7,000,000 units of the Company at a price of
$0.20 per unit Each unit includes one common share at a price of $0.20 per share
and one-half share purchase warrants of the Corporation. Each whole warrant
entitles the holder thereof to purchase one common share of the Corporation for
a period of 36 months at a price of $0.375 per share.
The proceeds of this private placement will be used for working capital and to
pursue the feasibility study. The private placement is subject to regulatory
approval.
FOR FURTHER INFORMATION PLEASE CONTACT:
Investor Relations:
Jean-Sebastien Lavallee, P.Geo.
President and Chief Executive Officer
819-354-5146
president@cecorp.ca
www.cecorp.ca
Paradox Public Relations
514-341-0408
Critical Elements Lithium (TSXV:CRE)
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