Canadian Critical Minerals closes $600,000 financing

Executive Summary

• Canadian Critical Minerals Inc. closed a flow‑through financing raising gross proceeds of $600,000.
• The offering consisted of 17,142,858 units at $0.035 per unit, each unit including one flow‑through share and half of a common share purchase warrant (exercisable at $0.05 for three years).
• Proceeds are earmarked for exploration and development at the Bull River mine project in British Columbia.

Key Details

• Gross proceeds: $600,000.
• Units issued: 17,142,858 flow‑through units at an issue price of $0.035 per unit.
• Unit composition: 1 flow‑through share + ½ common share purchase warrant (exercise price $0.05, three‑year term).
• Finder’s fees paid: $42,000.
• Finder warrants issued: 1.2 million warrants, each exercisable into a common share at $0.05 for three years.
• Statutory hold period: All securities subject to a hold period expiring four months and one day from issuance.
• Use of proceeds: Funding exploration and development activities at the Bull River mine project near Cranbrook, B.C.

Notable Quotes

(No executive quotes were provided in the release.)