Canadian Chrome closes $786,900 first tranche placement

Executive Summary

• The Canadian Chrome Company Inc. has closed the first tranche of its non-brokered unit private placement, raising gross proceeds of $786,900.50.
• The company has extended the private placement and the associated flow-through unit offering by an additional 45 days under the same terms.
• Insiders participated in the placement, acquiring 387,766 units, representing 2.42% of the issued and outstanding shares on a partly diluted basis.

Key Details

• Transaction Structure: Non-brokered unit private placement.
• Units Issued (Tranche 1): 524,600 units.
• Price Per Unit: $1.50.
• Gross Proceeds: $786,900.50.
• Warrant Terms: Each unit includes one warrant. Each warrant entitles the holder to purchase one multiple voting share at an exercise price of $1.75.
• Warrant Expiry: The earlier of (i) December 31, 2027, or (ii) two business days after the completion of a takeover bid, merger, amalgamation, or other business combination where shareholders do not retain majority control.
• Insider Participation: Insiders purchased an aggregate of 387,766 units.
• Insider Ownership Impact: Represents 2.42% of the company's issued and outstanding multiple voting shares (calculated on a partly diluted basis, converting subordinate voting shares at a 100:1 ratio).
• Use of Proceeds: Financing business operations focused on the acquisition, exploration, evaluation, and development of chromite and other base metal deposits; funding overhead, operating expenses, and costs of the private placement.
• Hold Period: All securities issued are subject to a four-month hold period.
• Regulatory Context: Classified as a related party transaction under Multilateral Instrument 61-101. No formal valuation or minority shareholder approval was required as the company is not listed on specified exchanges and the fair market value of insider consideration did not exceed 25% of the company's capitalization (approx. $50 million).
• Extension: The private placement and the flow-through unit offering (initially disclosed Dec 11, 2025, and initial closing announced Dec 31, 2025) are extended for an additional 45 days. Terms remain unchanged.

Notable Quotes

• None provided in the text.