Dec 15 (Reuters) - Power Metals Corp PWM.V :
* POWER METALS ANNOUNCES $3 MILLION BOUGHT PRIVATE PLACEMENT
* EIGHT CAPITAL HAS AGREED TO PURCHASE 6 MILLION UNITS OF COMPANY ON A "BOUGHT DEAL" PRIVATE PLACEMENT BASIS AT A PRICE PER UNIT OF $0.50
* TO USE NET PROCEEDS OF OFFERING FOR EXPLORATION AND DRILLING AT CASE LAKE PROJECT
* AS CONSIDERATION FOR ITS SERVICES, EIGHT CAPITAL WILL RECEIVE A CASH COMMISSION EQUAL TO 6% OF GROSS PROCEEDS OF OFFERING