Mr. Deepak Varshney reports
CORE CRITICAL METALS CORP. ANNOUNCES $500,000 NON-BROKERED CRITICAL MINERAL FLOW-THROUGH PRIVATE PLACEMENT
Core Critical Metals Corp. has arranged a non-brokered private placement of up to one million flow-through (FT) common shares of the company at a price of 50 cents per FT share for gross proceeds of up to $500,000. The FT shares will be offered by way of private placement pursuant to available exemptions from the prospectus requirements under applicable securities laws.
Each FT share will be issued as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada). The gross proceeds from the offering will be used to incur Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures under the tax act and, where applicable, as British Columbia flow-through mining expenditures under the Income Tax Act (British Columbia), on the company's LMSL (Lucky Mike-Silver Lode) copper-molybdenum-tungsten project near Merritt, B.C. The company will renounce such expenditures to subscribers with an effective date no later than Dec. 31, 2026, and will incur such expenditures on or before Dec. 31, 2027.
No finders' fees are payable in connection with the offering and no insiders of the company will participate in the offering.
Closing of the offering is subject to receipt of all necessary approvals, including the acceptance of the TSX Venture Exchange. All securities issued under the offering will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws and the policies of the TSX-V.
About Core Critical Metals Corp.
Core Critical Metals is a North American mineral acquisition and exploration company focused on the development of quality critical metal properties with high-upside and expansion potential. Its principal project is the LMSL (Lucky Mike-Silver Lode) copper-molybdenum-tungsten project near Merritt, B.C.
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