ENP Newswire -
Release date- 13062014 -
The Company has issued 59,100,000 units (the 'Units') at a price of
All securities issued are subject to a hold period of four months plus one day, expiring
In the first tranche of the financing,
CE Mining would then become a 'Control Person' under applicable securities legislation and, under the policies of the
Such approval will be sought at a Special General Meeting of the shareholders of the Company set for
Use of Proceeds
The proceeds from the private placement will be used for the advancement of
U.S. Restrictions and MI 61-101 Matters
These securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the 'U.S. Securities Act') and may not be offered or sold in
This release does not constitute an offer for sale of securities in
The Company has filed its related material change report as required under MI 61-101 less than 21 days before the date of the closing of the first tranche of the financing, as several material matters were uncertain and not ascertainable until at, or close to, the closing of the first tranche of the financing. In the Company's opinion the shorter period for the filing of the material change report was unavoidable and reasonable and necessary in the circumstances.
Tel: +1 604 638 8005
Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information is identified by words such as 'estimates', 'intends', 'expects', 'believes', 'may', 'will' and include, without limitation, statements regarding the company's plan of business operations (including plans for progressing assets), estimates regarding mineral resources, projections regarding mineralization and projected expenditures.
There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, risks inherent in the mining industry, financing risks, labour risks, uncertainty of mineral resource estimates, equipment and supply risks, title disputes, regulatory risks and environmental concerns. Most of these factors are outside the control of the company.
Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
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