Domestic Metals Announces Non-Brokered Private Placement and Change of CFO and Corporate Secretary

About this update from Domestic Metals Corp.

[{"type":"text","content":"Domestic Metals Announces Non-Brokered Private Placement and Change of CFO and Corporate Secretary\n\n\n\n\n **NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES**\n \n\n\n VANCOUVER, British Columbia, May 27, 2025 (GLOBE NEWSWIRE) -- Domestic Metals Corp. (the “Company” or “Domestic”) - (TSXV: DMCU; OTCQB: DMCUF; FSE: 03E) announces a non-brokered private placement (the “Placement”) of up to 13,043,478 units (the \"Units\") at a price of $0.23 per Unit (the \"Offering\") for gross proceeds of up to $3,000,000. Each Unit will consist of one common share of the Company (a \"Share\") and one-half of one common Share purchase warrant (a \"Warrant\"). Each whole 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 $0.33 per Share. Expiry of the Warrants may be accelerated if the closing price of the Company’s Shares on the TSX Venture Exchange (“TSXV”) is equal to or greater than $0.60 for a minimum of twenty consecutive trading days and a notice of acceleration is provided in accordance with the terms of the Warrants.\n \n\n 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 Offering. All securities issued in the Offering are subject to a four-month hold period, during which time the securities may not be traded. Closing of the Offering is subject to the approval of the TSXV.\n \n\n The net proceeds from the Offering are intended for exploration of the Company’s Smart Creek Property, in Montana, U.S.A., and for general working capital.\n \n\n This press release does not constitute an offer of sale of any of the foregoing securities in the United States. None of the foregoing securities have been and will not be registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”) or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements....

More updates from Domestic Metals Corp.