Canadian Critical pays finder's fee for offering

Executive Summary

• Canadian Critical Minerals Inc. disclosed a financing exemption offering update, including payment of a $24,500 finder’s fee and issuance of 350,000 finder warrants at $0.05 per share.
• The company issued one million units to insiders, generating gross proceeds of $35,000.
• All related‑party transactions were conducted under exemptions from MI 61‑101 valuation and minority shareholder approval requirements.

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 for a two‑year period; subject to a four‑month‑and‑one‑day hold period from the offering’s closing date.
• Under the exemption offering, an aggregate of 1,000,000 units were issued to insiders, representing gross proceeds of $35,000.
• Insider subscriptions qualify as a related‑party transaction under MI 61‑101 and TSX Venture Exchange Policy 5.9.
• Exemptions relied upon:
• Section 5.5(b) of MI 61‑101 – no requirement for formal valuation because the securities are not listed on major exchanges outside Canada.
• Section 5.7(1)(a) of MI 61‑101 – minority shareholder approval not required as the aggregate insider subscription value is < 25 % of market capitalization.

Notable Quotes

No executive quotes were provided in this release.