CAT Strategic Metals Corporation (CNSX:CAT) announced a non-brokered private placement of 13,333,333 flow-through units at a price of CAD 0.09 per unit for gross proceeds of up to CAD 1,199,999.97 on March 31, 2021. Each flow-through unit consists of one common share and one-half non-transferable common share purchase warrant. Each whole flow-through warrant, will entitle the holder to purchase one common share at a price of CAD 0.16 per warrant share until February 28, 2026. The company will pay finder’s fees upon closing of the second and final tranche of the transaction. The finder’s fees will include cash and finder’s warrants. The transaction is subject to the receipt of all necessary regulatory approvals, including the approval of the Canadian Securities Exchange. All securities issued pursuant to the transaction will be subject to a four month hold period in accordance with applicable Canadian securities laws. On the same date, the company issued 6,694,444 flow-through units for gross proceeds of CAD 602,500 in its first tranche.