Mr. Patricio Varas reports
DOMESTIC METALS CLARIFIES FIRST TRANCHE CLOSING OF LIFE
OFFERING NEWS RELEASE
Further to
Domestic Metals Corp.'s news release dated Oct. 9, 2025, announcing the closing of
a first tranche of the LIFE (listed issuer financing exemption) offering issuing an aggregate 4,695,715 units of the
company at a price of 28 cents per unit for gross proceeds of $1,314,800, there is
no statutory hold period applicable to the securities underlying the units issued in the
offering. Accordingly, such securities were free trading from the date of issuance and not
subject to a hold period of four months plus one day as indicated in the original closing news
release.
Each unit consists of one common share of the company and one common share
purchase warrant. Each warrant entitles the holder to acquire one additional
share of the company for a period of three years from the date of issuance at a price of
40 cents per share. The expiry of the warrants may be accelerated if the closing price of the
company's common shares on the TSX Venture Exchange is equal to or greater than 65
cents for a minimum of 20 consecutive trading days and a notice of acceleration is provided
in accordance with the terms of the warrants.
The broker warrants issued to the finders as described in the original closing news release,
together with the common shares of the company underlying such broker warrants, will still
be subject to a statutory hold period in Canada of four months and one day after the
issuance of such broker warrants.
About Domestic Metals Corp.
Domestic Metals is a mineral exploration company focused on the discovery of large-scale copper and gold deposits in exceptional, historical mining project areas in the
Americas.
The company aims to discover new economic mineral deposits in historical mining districts
that have seen exploration in geologically attractive mining jurisdictions, where economically
favourable grades have been indicated by historic drilling and outcrop sampling.
The Smart Creek project is strategically located in the mining-friendly state of Montana,
containing widespread copper mineralization at surface, and hosts four attractive porphyry
copper, epithermal gold, replacement and exotic copper exploration targets with excellent
host rocks for mineral deposition.
Domestic Metals is led by an experienced management team and an accomplished
technical team, with successful records in mine discovery, mining development and
financing.
We seek Safe Harbor.
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