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BRIEF-Scientific Metals reports private placement

May 17 Scientific Metals Corp:

* Scientific Metals announces private placement

* Scientific Metals- proposes to complete a non-brokered private placement of units at a price of $0.85 per unit for gross proceeds of $1.7 million

* Scientific Metals- intends to use net proceeds of private placement for phase 1 exploration program at flagship iron creek cobalt property in Idaho Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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