Company Overview - Domestic Metals Corp. is a mineral exploration company focused on discovering large-scale copper and gold deposits in historical mining project areas in the Americas [10] - The company aims to find new economic mineral deposits in geologically attractive mining jurisdictions, where favorable grades have been indicated by historic drilling and sampling [10] Leadership Appointment - Mr. Gordon K. Neal has been appointed to the board of directors, effective October 3, 2025 [1] - Mr. Neal has extensive experience in the metals and mining industry, including roles as CEO & Director of Tincorp Metals Inc., President of New Pacific Metals Corp., and Vice President of Corporate Development at Mag Silver Corp. and Silvercorp Metals Inc. [2] - His governance experience includes serving on the boards of several companies, contributing to strategic insights and corporate development [2] Financial Activities - Domestic Metals Corp. has closed the first tranche of the LIFE Offering, issuing 4,695,715 units at a price of $0.28 per unit, resulting in gross proceeds of $1,314,800 [5] - Each unit consists of one common share and one common share purchase warrant, with warrants allowing the purchase of additional shares at $0.40 for three years [5] - Finders received 6% cash and 7% non-transferable broker warrants, with specific amounts allocated to Harbourfront Wealth Management and CapSolutions [6] Use of Proceeds - The net proceeds from the Offering are intended for general working capital and exploration and development costs [7]
Domestic Metals Appoints Gordon Neal to the Board and Closes First Tranche of LIFE Offering
Globenewswire·2025-10-09 20:05