CAT Strategic Metals Corporation (CNSX:CAT) announced a private placement of 3,500,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 175,000 on February 19, 2019. Each unit consists of one common share and one half of one common share purchase warrant. Each warrant entitles the holder to purchase an additional common share at a price of CAD 0.10 per common share for a period of 18 months from the date of closing of the transaction. All the securities to be issued in the transaction are subject to a hold period of four months from the closing of the transaction.