Glass Industry News

Canadian Premium Sand Inc. Announces Closing of US $1 Million Non-Brokered Private Placement

, Canadian Premium Sand Inc.

Canadian Premium Sand Inc. (“CPS” or the “Company”) (TSXV: CPS) is pleased to announce that it has closed a non-brokered private placement (the "Offering").

Pursuant to the Offering, the Company issued an aggregate of 3,572,000 common shares (the "Common Shares") at a price of CAD $0.35 per Common Share for gross proceeds of CAD $1,250,200. After giving effect to the Offering, the Company will have 45,615,660 common shares issued and outstanding.

“We are delighted to welcome Equinox Partners, a U.S. based asset manager, as a large shareholder in the Company.   As a responsible steward of capital with a 25+ year track record, Equinox Partners specializes in public companies that combine value and quality,” says Glenn Leroux, President & CEO of CPS.

The Company paid no finder’s fees in connection with the Offering. The proceeds of the Offering will be used to fund key activities to progress the business plan, as well as for general working capital purposes.

The Offering is subject to the final acceptance of the TSX Venture Exchange. The Common Shares were distributed in reliance upon exemptions set forth in National Instrument 45-106 - Prospectus Exemptions. The Common Shares issued in the Offering are subject to a statutory hold period expiring November 23, 2021.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and accordingly may not be offered or sold within the United States or to “U.S. persons”, as such term is defined in Regulation S promulgated under the U.S. Securities Act (“U.S. Persons”), except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the Company’s securities to, or for the account of benefit of, persons in the United States or U.S. Persons.

, © Canadian Premium Sand Inc.

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