Mr. Gordon Neal reports
DOMESTIC METALS ANNOUNCES CLOSING OF FIRST TRANCHE AND EXTENSION OF PRIVATE PLACEMENT
Domestic Metals Corp., pursuant to its news releases dated Feb. 4, 2026, and March 13, 2026, has closed a first tranche of the private placement, issuing an aggregate 11,205,505 units of the company at a price of 28 cents per unit for gross proceeds of $3,137,541.40. 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.
As part of the offering, 553,570 units were issued to a director of the company and a company of which a director is the sole beneficiary, which constituted a related party transaction as such term is defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying on the exemptions from the formal valuation and minority approval requirements under MI 61-101, pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the transaction, insofar as it involves interested parties, is not more than the 25 per cent of the company's market capitalization.
Finders received 7 per cent in cash and 7 per cent in non-transferable finders' warrants, exercisable for common shares of the company at 40 cents per share for three years. Finders include Ventum Financial Corp. ($2,940 cash and 10,500 warrants), Leede Financial Inc. ($1,411.20 cash and 5,040 warrants), Canaccord Genuity Corp. ($69,171.34 cash and 247,041 warrants) and Asty Capital Corp. ($68,600 cash and 245,000 warrants).
The company was provided with an extension to close a final subsequent tranche of the offering on or before April 13, 2026. The company confirms there is no undisclosed material information.
All securities issued in the offering have a four-month-plus-one-day hold period, during which time the securities may not be traded. The offering is subject to the final acceptance of the TSX Venture Exchange.
The net proceeds from the offering are intended for general working capital and exploration and development costs.
ICP Securities Inc. clarification
ICP Securities, the market-maker service provider, is a closely held Canadian corporation with its principal place of business in Toronto, Ont. ICP Securities is an investment dealer registered with the Canadian Investment Regulatory Organization (CIRO) and is engaged in the business of providing market-making services to public issuers.
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 historical 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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