Canada Strategic Metals Inc.: Early Warning Report
MONTREAL, QUEBEC--(Marketwired - Nov 27, 2015) - Canada Strategic Metals Inc. ("Canada Strategic Metals" or "the Company") (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) announces that it has acquired ownership of 1,000,000 common shares (the "Shares") of Stem 7 Capital Inc. (the "Issuer") in connection with a shares for debt settlement of the Issuer with a number of its creditors (the "Transaction"). See press release of the Issuer dated November 24th, 2015, for more information. The Shares acquired represent, approximately 17,48 % of the Issuer's issued and outstanding common shares.
Prior to the transaction, the Company owned 72,693 common shares of the Issuer. Following the closing of this Transaction, the Company owns 1,072,693 common shares which represents approximately 18,75 % of the Issuer's issued and outstanding common shares.
The Shares were acquired for investment purposes. The Company may from time to time acquire additional securities of the Issuer, dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its current position.
A copy of the Early Warning Report filed by the Company in connection with the shares for debt settlement is available on SEDAR on the Issuer's SEDAR profile. The news release is being issued under the early warning provisions of Canadian securities legislation.
About Canada Strategic Metals
Canada Strategic Metals is an emerging company focused on the exploration and development of a number of projects covering over 20,000 hectares in Quebec. With broad management experience in green technology and junior resource exploration and development, Canada Strategic Metals is well positioned to aggressively advance this promising property portfolio for its shareholders.
For more information on the Company, please visit www.csmetals.ca.
Neither the 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.
Contact
Jean-Sebastien Lavallee, P. Geo
President and Chief Executive Officer
819-354-5146
Paradox Public Relations
514-341-0408