Constantine Metal Resources Ltd. announced that it has closed the second and final tranche of its previously announced $10,000,000 private placement. The second tranche consisted of 2,363,868 units at a price of $0.68 per Unit for aggregate gross proceeds of $1,607,430. The Units were issued to Electrum Strategic Opportunities Fund II L.P. (“Electrum”). Under the terms of its unit purchase agreement with the company, Electrum has the right to nominate one additional director to be appointed to the company’s board of directors (for a total of two) upon the closing of the second tranche of the private placement. Electrum has named Richard Williams as its second nominee and the company's board of directors appointed Mr. Williams as an additional director effective July 19, 2018. Mr. Williams brings a wealth of global mining experience gained over his 30+ year career in the mining industry and currently serves as the Vice-President, Engineering and Development of NOVAGOLD Resources Inc., where he is responsible for all aspects related to the engineering and technical advancement of the company’s Donlin Gold Project in Alaska and Galore Creek Project in British Columbia.