14:10:48 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Canada Rare Earth Corp
Symbol LL
Shares Issued 206,169,532
Close 2022-01-21 C$ 0.075
Market Cap C$ 15,462,715
Recent Sedar Documents

Canada Rare Earth amends share-for-debt application

2022-01-21 19:32 ET - News Release

Mr. Tracy Moore reports

CANADA RARE EARTH INCREASES SHARES FOR DEBT APPLICATION

Canada Rare Earth Corp., further to its Dec. 14, 2021, news release, and subject to approval from the TSX Venture Exchange, is increasing the debt to be settled through the issuance of shares by $56,888.69 to a total amount of $141,388.69. Subject to the receipt of all regulatory approval, the company will issue a total of 1,956,998 shares at an average of 7.2 cents per share as follows: 1,025,000 shares at a deemed price of 7.8 cents per share; 60,000 shares at a deemed price of 7.5 cents per share; 84,781 shares at a deemed price of seven cents per share; 769,231 shares at a deemed price of 6.5 cents per share; and 17,345 shares at a deemed price of 5.5 cents per share.

Of the $141,388.69 of debt, $134,500 (or 184,872 of the 1,956,998 shares) is being settled for officers and directors of the company.

All securities issued will be subject to a four-month hold period.

About Canada Rare Earth Corp.

Canada Rare Earth is developing an international vertically integrated business within the global rare earth industry. Its key focus is to generate revenues and positive cash flow from a variety of profit centres in the rare earth production and sales chain by sourcing, adding value and selling rare earths in all stages and forms. The company is in the process of establishing its own mining, concentrating and refinery capabilities in addition to working with affiliated and third party organizations.

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