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The latest update is out from Victory Resources ( (TSE:CRIT) ).
Supreme Critical Metals Inc. has closed the second and final tranche of its non-brokered LIFE Offering, issuing 1,730,000 units at $0.10 each, with each unit comprising one common share and half a warrant exercisable at $0.20 over 24 months. This brings the total financing to 11,410,000 units and $1,141,000 in gross proceeds, an oversubscription versus the original 10,000,000-unit target.
The company relied on the listed issuer financing exemption for the free-trading shares in the final tranche and paid modest finder’s fees, including 23,100 finder’s warrants exercisable at $0.20 for 24 months. Conditional approval from the Canadian Securities Exchange means the securities are free of the standard four‑month hold, and Supreme plans to direct the net proceeds to its exploration-focused business and general working capital needs.
More about Victory Resources
Supreme Critical Metals Inc. is a publicly traded diversified investment company focused on exploring and assessing opportunities in lithium, copper, silver, and other precious metals. The company targets mining-friendly regions with supportive government regulations and established infrastructure, positioning itself to benefit from growing demand for critical and precious minerals.
Average Trading Volume: 228,465
Technical Sentiment Signal: Sell
Current Market Cap: C$2.99M
See more insights into CRIT stock on TipRanks’ Stock Analysis page.