CBM Asia Completes First Tranche of Private Placement

 CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) closed the first tranche of its private placement for gross proceeds of $255,320. 2,553,200 common shares were issued at a price of $0.10 per share.

As quoted in the press release:

…the Company has completed a first tranche of 2,553,200 common shares at a price of $0.10 per share for gross proceeds of $255,320.

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