CAT Strategic Metals Corporation (CNSX:CAT) announced a private placement of 25,000,000 units at a price of CAD 0.02 per unit for gross proceeds of CAD 500,000 on August 24, 2020. Each unit consists of one common share and one warrant entitling its holder to purchase an additional common share at a price of CAD 0.05 per share for a period of 36 months from the closing date. All securities issued under the transaction will be subject to a statutory hold period of four months from closing. The company has paid finder's fees of CAD 1,280 and issued 224,000 shares.