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Supreme Critical Metals Announces Closing of First Tranche of Life Offering, Upsize to Offering and Filing of Amended and Restated Offering Document
TMX Newsfile· 2026-02-06 21:10
Core Viewpoint - Supreme Critical Metals Inc. has successfully closed the first tranche of its non-brokered private placement financing, raising $968,000 through the issuance of 9,680,000 units at a price of $0.10 per unit, with plans to increase the offering size due to strong investor demand [1][2][5]. Financing Details - The first tranche consisted of 9,680,000 units, each unit comprising one common share and one-half of a common share purchase warrant, with the whole warrant allowing the purchase of an additional common share at $0.20 for 24 months [2]. - The company utilized the listed issuer financing exemption under National Instrument 45-106, resulting in the issuance of free trading common shares [3]. - Finder's fees amounted to $49,910, and 499,100 finder's warrants were issued, also allowing the purchase of additional common shares at $0.20 for 24 months [3]. Related Party Transactions - A total of 450,000 units were issued to certain insiders, qualifying as a "related party transaction" under Multilateral Instrument 61-101, with the company relying on exemptions from formal valuation and minority shareholder approval requirements [4]. Offering Expansion - In response to strong market demand, the company is increasing the LIFE Offering to a maximum of 14,000,000 units, aiming to raise up to $1,400,000, with the second tranche closing expected around February 15, 2026 [5]. Use of Proceeds - The net proceeds from the LIFE Offering will be allocated for exploration activities, general corporate purposes, and working capital [7]. Company Overview - Supreme Critical Metals Inc. is a publicly traded exploration company focused on advancing a portfolio of high-potential silver, copper, uranium, and gold properties across North America, employing a disciplined acquisition strategy in mining-friendly jurisdictions [9].
Forte Minerals Secures C$5.7 Million Strategic Investment to Advance Alto Ruri Project
Globenewswire· 2025-07-16 11:30
Core Viewpoint - Forte Minerals Corp. announces a non-brokered private placement with a strategic investor, acquiring 6,326,066 common shares at C$0.90 per share, totaling approximately C$5,693,459, which will enhance the investor's stake to 9.99% in the company, indicating strong confidence in Forte's long-term growth strategy [1][2][3] Group 1: Strategic Investment Details - The offering price of C$0.90 per share reflects a premium to Forte's current market value, highlighting the investor's belief in the company's long-term potential [2] - The proceeds from the strategic placement will primarily fund the Alto Ruri high-sulfidation epithermal gold project in Peru, with at least 80% allocated to exploration activities [3] - The remaining funds will be used for general working capital and corporate purposes [3] Group 2: Investor Rights Agreement - An Investor Rights Agreement will be established, granting the investor certain rights, including technical information sharing and participation in future equity financings to maintain ownership percentage [4][5] - The investor has agreed to voting support and standstill covenants as part of the agreement [4] Group 3: Company Overview - Forte Minerals Corp. is an exploration company focused on high-quality copper and gold assets in Peru, with a strategic partnership to access a pipeline of high-impact targets [7] - The company is committed to responsible resource development and creating long-term value through partnerships with stakeholders and communities [7]