CCC Announces Proposed Private Placement of Units

Executive Summary

• The Canadian Chrome Company Inc. announced a proposed private placement of up to 10,714,285 units at $1.40 per unit, targeting gross proceeds of up to $15 million.
• Each unit consists of one multiple‑voting share and one warrant to purchase an additional multiple‑voting share at $1.50, exercisable for up to five years or until two business days after a change of control.
• Proceeds will fund acquisition, exploration, evaluation, development of chromite and other base‑metal deposits, as well as overhead and operating expenses; finder's fees up to 5% may be paid in units.

Key Details

• Units Offered: Up to 10,714,285 units at $1.40 per unit.
• Aggregate Gross Proceeds: Up to $15,000,000.
• Unit Composition:
• 1 multiple‑voting share of the Company.
• 1 warrant to purchase an additional multiple‑voting share at an exercise price of $1.50.
• Warrant Terms: Exercisable any time prior to the earlier of (i) five years from the first closing date, or (ii) two business days after a change of control.
• Eligibility: Subscribers must be accredited investors or otherwise qualify for prospectus‑exempt purchases under applicable securities laws.
• Use of Proceeds:
• Acquisition of interests in large‑scale chromite and base‑metal deposits.
• Exploration, evaluation, and development activities.
• Funding overhead and operating expenses related to the private placement.
• Finder’s Fees: Up to 5% of the aggregate amount subscribed may be paid to eligible finders in units at a deemed price of $1.40 per unit.
• Holding Period: All securities issued will be subject to a four‑month hold period.

Notable Quotes

(No executive quotes were included in the release.)