CCC Announces Closing of the Private Placement of Flow-Through Units

Executive Summary

• The Canadian Chrome Company Inc. closed a non‑brokered flow‑through private placement of 13,250 units at $20.00 per unit, generating $265,000 in gross proceeds.
• Each unit consists of ten multiple‑voting shares (flow‑through) and five warrants exercisable at $2.50 per share before Dec 31 2026 or within two business days after a change‑of‑control event.
• Proceeds will be used to fund an Ontario exploration program that qualifies as “qualifying expenses” for flow‑through tax benefits; all securities are subject to a four‑month hold period.

Key Details

• Units Issued: 13,250 Flow‑Through Units (each = 10 multiple‑voting shares + 5 warrants).
• Price per Unit: $20.00 → Gross proceeds: $265,000.
• Warrant Terms: Exercise price $2.50; exercisable up to Dec 31 2026 or two business days after a change of control.
• Finder’s Fees: 5% of subscribed amount = $12,500 paid via issuance of 8,333 Finder’s Units at a deemed price of $1.50 per unit.
• Finder’s Unit Composition: 1 multiple‑voting share + 1 warrant (exercise price $1.75 per share), exercisable up to Dec 31 2027 or two business days after a change of control.
• Use of Proceeds: Fund exploration on Ontario properties; expenses will be treated as “qualifying expenses” for flow‑through tax purposes.
• Hold Period: All securities issued are subject to a four‑month hold period.

Notable Quotes

(No executive quotes were provided in the release.)