CMC Metals Ltd. announced that it has received CAD 0.06 million in funding.
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.