Core Critical to issue shares for debt

Executive Summary

• Core Critical Metals Corp. proposes to settle $400,000 of exploration‑expenditure debt on its CNC West property by issuing an aggregate of 1,240,310 common shares at a deemed price of C$0.3225 per share.
• The transaction is subject to TSX Venture Exchange approval and the issued shares will be placed under a four‑month hold period pursuant to Canadian securities laws.
• The same number of shares are also being issued to satisfy the final payment obligations under the property option agreement, effectively completing the debt settlement.

Key Details

• Debt Amount: $400,000 (exploration expenditure) owed under the CNC West property agreement.
• Share Issuance for Settlement: 1,240,310 common shares at a deemed price of C$0.3225 per share.
• Total Shares Issued: 2 × 1,240,310 = 2,480,620 common shares (1,240,310 to settle debt, 1,240,310 for final payment obligations).
• Hold Period: All issued shares are subject to a four‑month hold period under Canadian securities regulations.
• Regulatory Condition: Transaction requires approval by the TSX Venture Exchange.

Notable Quotes

(No direct quotes were provided in the release.)