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Canadian Chrome Company Inc (The)
Symbol CACR
Shares Issued 1,376,534,032
Close 2026-05-01 C$ 0.01
Market Cap C$ 13,765,340
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Canadian Chrome Company extends private placement

2026-05-01 18:27 ET - News Release

Mr. Bruce Hodgman reports

CCC ANNOUNCES EXTENSION OF PRIVATE PLACEMENT OF UNITS

The Canadian Chrome Company Inc., formerly known as KWG Resources Inc., has extended, for an additional 45 days, its previously announced private placement of up to 10,714,285 units at a price of $1.40 per unit for aggregate gross proceeds of up to $15-million (see the news release dated March 18, 2026). The terms of the offering are that each unit will comprise one multiple voting share of the company and one multiple voting share purchase warrant, with each warrant enabling its holder to purchase one further multiple voting share from treasury upon payment of an exercise price of $1.50 at any time prior to the earlier of: (i) five years from the date of the first closing of the offering; or (ii) two business days after a change of control of the company.

The company will pay finders' fees of up to 5 per cent of the aggregate amount subscribed for by subscribers referred to the company by finders entitled to receive such fees in accordance with applicable securities laws, which fees will be payable in units at deemed price of $1.40 per unit.

All of the securities to be issued pursuant to the offering will be subject to a four-month hold period.

About The Canadian Chrome Company Inc.

Canadian Chrome Company is an exploration-stage company that is focused on identification, acquisition, consolidation, exploration, development and evaluation of large-scale deposits of minerals, including chromite in the Ring of Fire, as well as other base metals and strategic minerals, and, where applicable, support for the development of transportation and electrification links to access remote areas where these deposits may be located.

We seek Safe Harbor.

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