Domestic Metals closes final tranche of financing

Executive Summary

• Domestic Metals Corp. closed the final tranche of its non‑brokered private placement, issuing 3,746,974 units at C$0.23 per unit for gross proceeds of $861,804.
• Combined with the earlier tranche, total units issued amount to 5,298,094 for aggregate gross proceeds of $1,218,561.70.
• Net proceeds are earmarked for general working capital and exploration/development activities on its projects, notably the Smart Creek project in Montana.

Key Details

• Units Issued – Final Tranche: 3,746,974 units at C$0.23 per unit → $861,804 gross proceeds.
• Total Units Issued (both tranches): 5,298,094 units → $1,218,561.70 aggregate gross proceeds.
• Unit Composition: Each unit = 1 common share + ½ of a common‑share purchase warrant.
• Warrant Terms: Whole warrant allows purchase of one additional share at C$0.33 for three years from issuance; may be accelerated if TSX Venture price ≥ C$0.60 for 20 consecutive trading days (notice required).
• Finder’s Fees to Ventum Financial Corp.: $1,610 cash plus 7,000 non‑transferable broker warrants exercisable at C$0.33 per share for three years, subject to acceleration provisions.
• Holding Period: All securities subject to a four‑month‑plus‑one‑day hold period; cannot be traded during this time.
• Use of Proceeds: Intended for general working capital and for exploration and development costs on Domestic Metals’ projects.
• Regulatory Filing: Offering pending customary final filings with the TSX Venture Exchange.

Notable Quotes

(No executive quotes provided in the release.)