Supreme Metals Corp. Announces Non-Brokered Private Placement of up to $2 Million
21.03.2018 | FSCwire
Sudbury - Supreme Metals Corp. (the “Company” or “Supreme”) (CSE: ABJ) (FSE: A68) today announced its intention to complete a non-brokered private placement (the “Offering”) for gross proceeds of up to CDN $2,000,000.Pursuant to the Offering, Supreme intends to issue up to 40,000,000 units of the Company (the “Units”) at a price of $0.05 per Unit. Each Unit will consist of one common share of the Company (each a “Common Share”) and one Common Share purchase warrant (each a “Warrant”). Each Warrant shall entitle the holder thereof to purchase one additional Common Share at an exercise price of $0.075 for a period of 24 months following the closing of the Offering. The completion of the Offering is subject to regulatory approval. The securities being issued in the private placement will be subject to a four-month hold period in accordance with applicable Canadian securities laws. The Corporation intends to use the net proceeds for general working capital and for further development of its exploration projects.
About Supreme Metals Corp.
Supreme Metals Corp. (CSE: ABJ) (FSE:A68) is a Canadian based exploration company with a focused approach in the area of green and energy metals in the Western World adjacent to anticipated downstream manufacturing projects that will have a significant need for these metals.
On Behalf of the Board,
Bob Komarechka
CEO
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. There is no assurance the private placement, property option, change of board or reinstatement of trading referred to above will close on the terms as stated, or at all. The Company disclaims any intention or obligation to revise or update such statements.
Source: Supreme Metals Corp. (CSE:ABJ, FWB:A68)