Supreme Critical closes final tranche of placement

Executive Summary

• Supreme Critical Metals Inc. has closed the second and final tranche of its non-brokered private placement financing, known as the LIFE offering.
• The final tranche consisted of 1.73 million units issued at $0.10 per unit, raising $173,000 in gross proceeds.
• The total LIFE offering is now fully closed, resulting in the issuance of 11.41 million units and total gross proceeds of $1,141,000, representing an oversubscription of 114.1% over the original maximum.

Key Details

• Tranche 2 Details:
  • Issued 1.73 million units.
  • Price: $0.10 per unit.
  • Gross Proceeds: $173,000.
  • Each unit consists of one common share and one-half of one common share purchase warrant.
  • Warrant Terms: Each whole warrant entitles the holder to acquire one additional common share at $0.20 per share for a period of 24 months from the closing of the second tranche.
• Total Offering Summary (LIFE Offering):
  • Total Units Issued: 11.41 million units.
  • Total Gross Proceeds: $1,141,000.
  • Oversubscription Rate: 114.1% (originally announced maximum was 10 million units).
• Regulatory and Exemptions:
  • Relied on the listed issuer financing exemption under Part 5A of National Instrument 45-106.
  • Securities are free-trading and not subject to the standard four-month-and-one-day statutory hold period.
  • Closing was conditionally approved by the Canadian Securities Exchange (CSE).
• Fees and Expenses:
  • Finders' Fees Paid: $2,130.
  • Finders' Warrants Issued: 23,100 warrants.
  • Warrant Terms for Finders: Entitle holder to acquire one additional common share at $0.20 per share for a period of 24 months from the closing of the second tranche.
• Use of Proceeds:
  • Net proceeds are intended for general corporate and working capital purposes, as described in the offering document.

Notable Quotes

• None provided in the text.