Domestic Metals Closes Third & Final Tranche of LIFE Offering

Executive Summary

• Domestic Metals Corp. closed the third and final tranche of its LIFE Offering, issuing 2,372,137 units at $0.28 per unit for gross proceeds of $664,198.
• The total offering now totals 14,150,708 units with aggregate gross proceeds of $3,962,198.
• Proceeds are earmarked for general working capital and exploration/development activities on the Company’s projects.

Key Details

• Units Issued – Final Tranche: 2,372,137 units at $0.28 per unit → Gross proceeds: $664,198.
• Total Offering Size: 14,150,708 units issued to date → Aggregate gross proceeds: $3,962,198.
• Unit Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms: Warrants allow acquisition of one additional share at $0.40 per share for three years from issuance; acceleration possible if TSXV closing price ≥ $0.65 for 20 consecutive trading days with notice.
• Related Party Transaction: 1,912,747 units were issued to a director, qualifying as a related‑party transaction under MI 61‑101; exemption relied upon because fair market value ≤ 25 % of market capitalization.
• Finder’s Fees Paid: Leede Financial Inc. received $3,335.14 cash and 13,896 non‑transferable broker warrants for the final tranche.
• Use of Proceeds: Intended for general working capital and exploration & development costs across Domestic Metals’ project portfolio (e.g., Smart Creek Project in Montana).

Notable Quotes

• Patricio Varas, Chairman and CEO: “The successful completion of our LIFE Offering provides us with the necessary capital to advance our exploration programs and continue building value for our shareholders.”