Business
Domestic Metals Announces Upsize of LIFE Offering of Units
**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVI...
About this update from Domestic Metals Corp.
[{"type":"text","content":"Domestic Metals Announces Upsize of LIFE Offering of Units\n\n\n\n **NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES**\n \n\n VANCOUVER, British Columbia, Sept. 30, 2025 (GLOBE NEWSWIRE) --\n \n Domestic Metals Corp.\n \n (the “\n \n Company\n \n ” or “\n \n Domestic Metals\n \n ”) - (TSXV: DMCU; OTCQB: DMCUF; FSE: 03E) announces that, as a result of strong investor demand, the Company has increased the size of its previously announced non-brokered private placement pursuant to Part 5A of National Instrument 45-106 –\n \n Prospectus Exemptions\n \n (“NI 45-106”), as amended and supplemented by Coordinated Blanket Order 45-935 –\n \n Exemptions from Certain Conditions of the Listed Issuer Financing Exemption\n \n (the “Listed Issuer Financing Exemption”).\n \n\n The private placement will now be for up to 16,071,428 units of the Company (each, a “Unit”) at a price of $0.28 per Unit (the “Issue Price”) for aggregate gross proceeds to the Company of up to $4.5 million (the “LIFE Offering”).\n \n\n Each Unit to be issued under the Listed Issuer Financing Exemption will consist of one common share in the capital of the Company (a “Unit Share”) and one common share purchase warrant of the Company (a “Warrant”). Each Warrant will entitle the holder thereof to acquire one common share (a “Warrant Share”) at a price per Warrant Share of $0.40 for a period of 3 years from the date of issuance. Expiry of the Warrants may be accelerated if the closing price of the Company’s common shares on the TSX Venture Exchange (“TSXV”) is equal to or greater than $0.65 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 Subject to compliance with applicable regulatory requirements and in accordance with NI 45-106, the Units will be offered for sale to purchasers resident in Canada, other than Québec, pursuant to the Listed Issuer Financing Exemption. The securities so issued under the Listed Issuer Financing Exemption to Canadian subscribers will not be subject to a hold period in Canada.\n \n\n There is an amended and restated off...