Continental Precious Minerals, Inc. (TSX:CZQ) announced a non brokered private placement of 2,248,522 flow through shares at a price of CAD 0.35 per share for gross proceeds of CAD 786,983 on May 14, 2014. In connection with the transaction, the company paid finder's fees of CAD 49,358.65 and issued 115,124 compensation options, with each compensation option exercisable into a common share of the company at an exercise price of CAD 0.37 per share for a period of two years. The securities issued in the transaction are subject to a statutory four month hold period in accordance with Canadian securities legislation.

On May 14, 2014, Continental Precious Minerals, Inc. closed the transaction.