CMC Metals Ltd. (TSXV:CMB) announced a private placement of 1,165,000 flow-through units at CAD 0.05 per unit for gross proceeds of CAD 58,250 on December 23, 2013. Each unit consists of one flow-through common share and one transferable share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at CAD 0.05 per share during the first year and at CAD 0.10 per share during the second year. The company will not pay any finder's fees. The transaction is subject to TSX Venture Exchange approval.

On December 27, 2013, the company announced that the TSX Venture Exchange has accepted for filing documents with respect to the transaction. The transaction will include participation from five placees.

On January 2, 2014, CMC Metals Ltd. closed the transaction. Each warrant entitles the holder to purchase one common share in the capital of the company for a period of two years, expiring December 27, 2015, and exercisable at CAD 0.05 per share if exercised during year one, and CAD 0.10 per share if exercised during year two.