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Critical One Energy Announces Closing of Upsized CDN$1,430,000 Flow-Through Private Placement
Toronto, Ontario--(Newsfile Corp. - December 19, 2025) - Critical One Energy Inc. (CSE: CRTL) (OTCQB: MMTLF) (FSE: 4EF) ("Critical One" or the "Company") ("Critical One" or the "Company") is pleased to announce that it has closed a non-brokered private placement offering of 1,430,000 flow-through common shares ("FT Shares") at a price of CDN$1.00 per FT Share, for gross proceeds of CDN$1,430,000 (the "Offering").The close of the flow-through private placement upsizes the Company's previously...
About this update from Critical One Energy Inc.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - December 19, 2025) - Critical One Energy Inc. (CSE: CRTL) (OTCQB: MMTLF) (FSE: 4EF) ("Critical One" or the "Company") ("Critical One" or the "Company") is pleased to announce that it has closed a non-brokered private placement offering of 1,430,000 flow-through common shares ("FT Shares") at a price of CDN$1.00 per FT Share, for gross proceeds of CDN$1,430,000 (the "Offering").","length":486,"tagName":"p"},{"type":"text","content":"The close of the flow-through private placement upsizes the Company's previously announced offering with gross proceeds of up to CDN$1,250,000 (1,250,000 FT Shares at a price of CDN$1.00 per FT Share). Please see Critical One's press release of December 15, 2025 for reference.","length":285,"tagName":"p"},{"type":"text","content":"In connection with the Offering, the Company paid an aggregate of CDN$75,000 in finder's fees, and issued 75,000 common share purchase warrants of the Company ("Finder's Warrants"). Each Finder's Warrant is exercisable to purchase one common share in the capital of the Company at a price of CDN$1.50 per common share for a period of eighteen (18) months from the date of closing.","length":402,"tagName":"p"},{"type":"text","content":"The Company intends to use the gross proceeds from the sale of the FT Shares to incur exploration expenses that are eligible "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures" as such terms are defined in the Income Tax Act (Canada).","length":302,"tagName":"p"},{"type":"text","content":"All securities issued pursuant to the Offering described above will be subject to a four-month and one-day hold period.","length":119,"tagName":"p"},{"type":"text","content":"The Company intends to close an additional private placement on or before December 24, 2025 for aggregate gross proceeds of up to CDN$300,000, consisting of the issuance of up to 300,000 FT Shares at a price of CDN$1.00 per FT Share. The Company may provide compensation in connection with this offering, consisting of a cash commission of up to 6% of the proceeds raised, as well as common share purchase warrants in an amount up to 6% of the FT Shares issued. Each common share purchase warrant...