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Scandium International Mining Corp.

11:03 AM EST - Scandium International Mining Corp. : Announced the closing of the first tranche of the Company's private placement first announced on April 19. Within the first tranche, the Company raised aggregate gross proceeds of $2,085,250 through the sale of 23,169,444 units at a price of $0.09 per Unit. The Company expects to close the second tranche of the Offering on or about June 3. Scandium International Mining Corp. shares T.SCY are trading unchanged at $0.09.