|
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 25, 2016) - Scientific Metals Corp. ("STM" or the "Company") (TSX VENTURE:SUG) is pleased to announce that it has completed its previously announced non-brokered private placement of units (each, a "Unit"). STM initially announced that it proposed to issue up to 3,000,000 Units at a price of $0.10 per Unit for gross proceeds of up to $300,000. The private placement was oversubscribed and, as a result, with the prior approval of the TSX Venture Exchange, STM increased the size of the offering. In completing the private placement, STM issued a total of 3,850,000 Units at a price of $0.10 per Unit for gross proceeds of $385,000. |
