Business
Canadian Critical Minerals Completes Shares for Debt Transaction
Calgary, Alberta--(Newsfile Corp. - March 7, 2023) - Canadian Critical Minerals Inc. (TSXV: CCMI...
About this update from Canadian Critical Minerals Inc
[{"type":"text","content":"Canadian Critical Minerals Completes Shares for Debt TransactionCalgary, Alberta--(Newsfile Corp. - March 7, 2023) - Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) (\"Canadian Critical Minerals\" or the \"Company\") announces that further to its press release dated February 24, 2023, it has completed its shares for debt transaction whereby an aggregate of $115,500 of the Company's outstanding debt was extinguished by way of the issuance of 1,650,000 common shares in the capital of the Company (the \"Shares\") at a deemed price of $0.07 per Share. The Shares issued pursuant to the shares for debt transaction are subject to a four month plus one day hold period expiring on July 8, 2023.About Canadian Critical Minerals Inc.Canadian Critical Minerals Inc. is a mining company primarily focused on two near-term copper production assets in Canada. CCMI's main asset is the 100% owned Bull River Mine project (>135 million lbs of copper) near Cranbrook, British Columbia which has a Mineral Resource containing copper, gold and silver. CCMI's latest acquisition is the 100% owned Thierry Mine project (>1,300 million lbs of copper) near Pickle Lake, Ontario which has a Mineral Resource containing copper, nickel, silver, palladium, platinum and gold.Contact InformationCanadian Critical Minerals Inc.Ian BerzinsPresident & Chief Executive OfficerM: +1-403-512-8202E: [email protected] Website: www.canadiancriticalmineralsinc.comCaution Regarding Forward-Looking InformationThis news release includes certain information that may constitute \"forward-looking information\" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other risks.Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which ...