Financings
Core Critical Metals Announces Completion of Shares for Debt Transaction
XND · Price
Executive Summary
- Core Critical Metals Corp. issued 1,240,310 common shares at a deemed price of $0.3225 per share to settle $400,000 of exploration‑expenditure debt related to the CNC West Property.
- The issuance is subject to final approval by the TSX Venture Exchange and carries a four‑month hold period under Canadian securities laws.
Key Details
- Shares Issued: 1,240,310 common shares.
- Deemed Share Price: $0.3225 per share.
- Total Consideration (Imputed): Approximately $399,800 (1,240,310 × $0.3225).
- Purpose of Issue: Settlement of $400,000 debt incurred for exploration expenditures under the Property Option Agreement for the CNC West Property.
- Regulatory Condition: Transaction pending final approval by the TSX Venture Exchange.
- Holding Requirement: Shares subject to a four‑month hold period pursuant to Canadian securities legislation.
Notable Quotes
(No executive quotes were included in the release.)