Canadian Metals is pleased to announce that its Board of Directors has approved a strategic restructuring of the Corporation's assets pursuant to which CME would spin off its existing Lac Chesnaye property, into a separate entity. It is proposed that the transaction will be carried out by way of statutory plan of arrangement pursuant to the Business Corporations Act. Through the Spin-Out, shareholders of the Corporation [...]
Canadian Metals Inc. is pleased to announce the signing of a binding letter agreement with Targets Minerals Inc. for the proposed acquisition of a 100% interest in the Nicholas-Denis and Oxford Brook projects located in New Brunswick. CME will pay the shareholders of TM C$5.5 million as consideration for all the issued and outstanding shares of TM, through the issuance of 27,000,000 common shares of CME at deemed price of [...]
Canadian Metals Inc. is pleased to announce that it has completed a non-brokered private placement, pursuant to which it has issued an aggregate of 25,350,000 units at a price of $0.08 per Unit for gross proceeds of $2,028,000. Each Unit will be comprised of one common share in the capital of the Corporation and one-half of one non-transferable share purchase warrant. Each Warrant will entitle the holder to purchase one [...]
Canadian Metals Inc. is pleased to announce that it has completed a first tranche of its previously announced non-brokered private placement, pursuant to which it has issued an aggregate of 4,375,000 units at a price of $0.08 per Unit for gross proceeds of $350,000. Each Unit will be comprised of one common share in the capital of the Corporation and one non-transferable share purchase warrant. Each Warrant will entitle [...]
Canadian Metals Inc. is pleased to announce that it has given the opportunity to the holders of its $1.675 million subordinated unsecured convertible debentures, as amended, to subscribe for new subordinated unsecured convertible debentures. All the holders of Outstanding Debentures have entered into binding subscription agreements for $1.675 million of the New Debentures. Stéphane Leblanc, President and CEO, stated, "The [...]
Canadian Metals Inc. is pleased to announce that it will conduct a non-private placement, pursuant to which it will issue up to an aggregate of 5,000,000 units at a price of $0.08 per Unit for gross proceeds of up to $400,000. Each Unit will be comprised of one common share in the capital of the Corporation and one non-transferable share purchase warrant. Each Warrant will entitle the holder to purchase one additional [...]
Canadian Metals Inc. announced a management and project review on April 24, 2020 for its silicon metal project. Silicon metal’s main applications are in the energy saving sector such as photovoltaic applications and play an important role in the global energy transformation. The production of silicon metal requires significant amounts of electricity and Quebec has the great advantage of green hydro power and the wood [...]
Canadian Metals Inc. today reports that Mr. St?phane Leblanc , an insider of the Corporation, has recently acquired beneficial ownership of common shares exceeding 10% of the outstanding common shares of the Company. This reporting threshold was reached with the acquisition of 364,000 common shares in the capital of the Issuer, acquired in open market for investment purposes. Mr. Leblanc reserves the right to purchase [...]
Canadian Metals Inc. has appointed new members to its management team for its silicon metal project in anticipation of a full review and update of its industrial feasibility study with the following objectives: build one of the most competitive silicon plants on a net Co2 basis, developing renewable resources, participating in regional economic development, leveraging Quebec talent and know how and creating wealth and [...]
Canadian Metals Inc. announces that it has entered into debt settlement agreements with arms-length parties to settle an aggregate C$141,975 in debt. In settlement of the Debt, the Company will issue an aggregate of 567,901 common shares in the capital of the Company at a deemed price of C$0.25 per Debt Share. The Debt will be completely satisfied and extinguished upon the issuance of the Debt Shares. All securities [...]
Canadian Metals Inc. announces the appointment of Michel G. Gagnon as Chairman of the Board and CEO on an interim basis. Following the cancellation of the FeTiv option, the company has gone through a reorganisation of its team and strategy and therefore announce both resignations of Mr. Gerald Panneton as Chairman & CEO, effective immediately and Ms. Patsie Ducharme as Chief Financial Officer effective December 31, 2019 [...]
Canadian Metals Inc. announces the termination of the previously announced option agreement with FeTiV Minerals Inc. , a private exploration company which owns an 80% undivided interest in the Mouchalagane, Silicate Lake, Seignelay, Lac Robot and Baie-Trinité iron projects , located in the Province of Québec, with CME owning the remaining 20% undivided interest. . Rationale Behind the Decision to Cancel the [...]
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