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CPC Canadian Platinum Corp

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Share Name Share Symbol Market Type
Canadian Platinum Corp TSXV:CPC TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

MCM Capital One Inc. Completes Private Placement

23/06/2014 4:30pm

Marketwired Canada


NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

MCM Capital One Inc. (TSX VENTURE:ZGN.P) has completed a brokered private
placement of 465,000 common shares at a price of $0.20 each (the "Offering") to
raise gross proceeds of $93,000. This is the second and final closing of the
private placement announced on April 21, 2014. A total of $200,000 has been
raised through the issuance of 1,000,000 common shares. 


Kingsdale Capital Markets Inc. acted as agent (the "Agent") for the private
placement. MCM has paid the Agent a cash fee of $3,975, and issued the Agent
26,500 warrants, in connection with the second closing. Each warrant is
exercisable for one common share at a price of $0.20 on or before April 30,
2014. 


The securities issued included 200,000 common shares issued to insiders of MCM.
Pursuant to Multilateral Instrument 61-101 ("MI 61-101"), the participation of
these insiders constitutes the private placement a "related party transaction".
MCM is exempt from the formal valuation requirement and shareholder approval
requirement of MI 61-101, as described in more detail in the material change
report filed in connection with this private placement. The filing of a material
change report less than 21 days before the closing date of the private placement
was necessary in order to complete the private placement in a timely manner. 


The securities issued in the closing are subject to a four month hold period
which expires on September 24, 2014. Following completion of this closing, there
are 3,300,000 issued and outstanding common shares of MCM. 


ABOUT MCM CAPITAL ONE INC. 

MCM CAPITAL ONE INC. is a capital pool company ("CPC") formed under the TSX
Venture Exchange CPC program. 


Completion of the proposed Transaction is subject to a number of conditions,
including but not limited to, TSXV acceptance. There can be no assurance that
the Transaction will be completed as proposed or at all. 


Investors are cautioned that, except as disclosed in the filing statement to be
prepared in connection with the proposed Transaction, any information released
or received with respect to the proposed Transaction may not be accurate or
complete and should not be relied upon. Trading in the securities of a CPC
should be considered highly speculative. 


The TSX Venture Exchange has in no way passed upon the merits of the proposed
Transaction and has neither approved nor disapproved the contents of this press
release. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
MCM Capital One Inc.
Joseph Heng
Director & CFO
jheng@macdonaldmines.com

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