CCMI Announces Financing Update

Executive Summary

• Canadian Critical Minerals Inc. provided an update on its LIFE offering, detailing a $24,500 finder’s fee payment and issuance of 350,000 finder warrants at $0.05 per share.
• The offering included 1,000,000 Units sold to insiders for gross proceeds of $35,000.
• The company confirmed exemptions from MI 61‑101 valuation and minority shareholder approval requirements for these insider subscriptions.

Key Details

• Paid an additional finder’s fee of $24,500 in connection with the first tranche closing.
• Issued 350,000 finder warrants, each allowing purchase of one common share at $0.05 per share, exercisable for two years and subject to a 4‑month + 1‑day hold period.
• Under the LIFE offering, insiders received 1,000,000 Units representing gross proceeds of $35,000.
• The insider subscriptions are classified as a “related party transaction” under MI 61‑101 and TSX Venture Exchange Policy 5.9.
• Exemptions claimed:
• No formal valuation required per section 5.5(b) of MI 61‑101 (no securities listed on major exchanges outside Canada/US).
• No minority shareholder approval needed per section 5.7(1)(a) of MI 61‑101 (subscriptions < 25% of market cap).

Notable Quotes

No executive quotes were included in the release.