The Company announces that it has arranged, subject to TSX Venture Exchange acceptance, a private placement of up to 9,000,000 units at a price of $0.055 per unit for total gross proceeds of up to $495,000. Each unit will consist of one common share and one transferable share purchase warrant, each warrant exercisable into one additional common share for a period of one year from the date of issue at a price of $0.10 per share.
The proceeds of the private placement will be used to fund further exploration on the Company's mineral properties and for general working capital.
Finders' fees may be payable in whole or in part on the private placement pursuant to the policies of the TSX Venture Exchange.
ON BEHALF OF THE BOARD
Michael E. Schuss
President and Chief Executive Officer
For further information on Canadian International Minerals Inc. please visit the Company website at www.cin-v.com.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."