03:21:26 EDT Sun 05 May 2024
Enter Symbol
or Name
USA
CA



Steadright Critical Minerals Inc (2)
Symbol SCM
Shares Issued 8,326,558
Close 2024-04-23 C$ 0.05
Market Cap C$ 416,328
Recent Sedar Documents

Steadright Critical closes $160,000 private placement

2024-04-24 13:00 ET - News Release

Mr. Simon Chapelle reports

STEADRIGHT ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Steadright Critical Minerals Inc. has closed its recent private placement for $160,000 and will not be proceeding with the LIFE offering at five cents.

Closing of the private placement is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals. The net proceeds of the private placement are intended to be used for exploration on mineral properties and for working capital purposes in 2024.

Pursuant to the terms of the unit offering, each unit is composed of one common share of the company (3.2 million) and one common share purchase warrant (3.2 million). Each warrant shall entitle the holder to purchase one common share of the company at a price of 8.5 cents at any time on or before that date which is 12 months after the closing date of the unit offering. All securities to be issued under the unit offering will be subject to a restricted period in Canada ending on the date that is four months plus one day following the closing of the offering as defined in Subsection 2.5(2) of Multilateral Instrument 45-102 -- Resale of Securities and in accordance with applicable Canadian securities laws.

About Streadright Critical Minerals Inc.

Steadright Critical Minerals is a mineral exploration company established in 2019. Steadright currently holds an option on its RAM property near Port Cartier, Que., within the Cote-Nord Region, which is accessible by Route 138. The RAM project comprises over 13,000 acres and located on an anorthositic complex that is in a highly prospective geological unit and historically been under explored for nickel, copper, cobalt and precious metals.

We seek Safe Harbor.

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