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Gold/Mining/Energy : Juniors News!

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From: Postman	2/11/2012 2:40:37 PM
	of 62

Cdn Int'l arranges $200,000 private placement 2012-02-10 16:17 ET - News Release Mr. Michael Schuss reports CANADIAN INTERNATIONAL MINERALS ANNOUNCES FINANCING Canadian International Minerals Inc. has arranged, subject to regulatory approval, a private placement of up to two million flow-through units at 10 cents per unit for total gross proceeds of up to $200,000. Each unit will consist of one flow-through common share and one-half of one transferable share purchase warrant, each whole warrant exercisable into one non-flow-through common share for a period of two years at a price of 15 cents per share in the first year and 25 cents per share in the second year. The proceeds of the private placement will be used for qualified exploration expenditures on the company's mineral properties. Finders' fees may be payable in whole or in part in connection with the placement pursuant to the policies of the TSX Venture Exchange. -------------------------------------------------------------------- CIN.V is trading around the .08 cents range so a private placement at .15 cents bodes well for the share price I would think- management must think so anyways or I don't think they would do it at such a premium to the market-

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