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  • The company issued an aggregate of 20,799,200 common shares at a price of $0.25 per share for gross proceeds of $5,199,800
  • Canadian Premium Sand paid an aggregate of $78,700 in finder’s fees
  • Company insiders acquired 8,330,700 shares for $2,082,675
  • Canadian Premium Sand (CPS) is an exploration stage company focused on developing its Wanipigow silica sand deposit in Manitoba
  • Canadian Premium Sand Inc. (CPS) opened trading at C$0.34 per share

Canadian Premium Sand (CPS) has closed an upsized, non-brokered private placement.

The company issued an aggregate of 20,799,200 common shares at a price of $0.25 per share for gross proceeds of $5,199,800.

Following the closure of the offering, the company will have 42,043,660 common shares issued and outstanding.

Canadian Premium Sand’s two significant shareholders and certain directors and officers participated in the offering. On a combined basis, they acquired 8,330,700 shares for $2,082,675.

Canadian Premium Sand paid an aggregate of $78,700 in finder’s fees to certain arms-length parties.

The offering is subject to the final acceptance of the TSX Venture Exchange. 

Shares issued in the offering are subject to a statutory hold period expiring October 16, 2021.

Canadian Premium Sand (CPS) is an exploration stage company evaluating a high-grade silica sand deposit located northeast of Winnipeg, Manitoba.

Canadian Premium Sand Inc. (CPS) opened trading at C$0.34 per share.

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