Mr. Gordon Neal reports
DOMESTIC METALS ANNOUNCES CLOSING OF FINAL TRANCHE OF PRIVATE PLACEMENT AND ANNOUNCES $7.0 MILLION FINANCING
Domestic Metals Corp., pursuant to its news releases dated Feb. 4, March 13, 2026, and March 24, 2026, has closed a final tranche of the private placement, issuing an additional 874,286 units of the company at a price of 28 cents per unit for gross proceeds of $244,800.08.
The total aggregate units issued under both tranches of the offering is 12,079,791 units of the company for total gross proceeds of $3,382,341.48. 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.
There were no finders; fees paid in the final tranche closing.
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.
Non-brokered private placement
Domestic Metals further announces a non-brokered private placement of up to 25 million units at a price of 28 cents per unit for gross proceeds of up to $7-million. Each unit will consist 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.
Insiders may participate and finders' fees may be payable to qualified arm's-length parties that have introduced the company to certain subscribers participating in the new offering. All securities issued in the new offering are subject to a four-month hold period, during which time the securities may not be traded. Closing of the new offering is subject to the approval of the TSX-V.
The net proceeds from the new offering are intended for general working capital, exploration and development costs, and drilling.
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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