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Critical Elements Announces Gypsy Swap

Feb 22 2013 12:00AM

Marketwire

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MONTREAL, QUEBEC -- (Marketwire) -- 02/22/13 -- 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) responsibility for the adequacy or accuracy of this release.



Contacts:
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





Source: Marketwire


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