Supreme Metals Corp. CSE: ABJ FSE: A68 today announced its intention to complete a non-brokered private placement (the “Offering”) for gross proceeds of up to CDN $2,000,000.
Pursuant to the Offering, Supreme intends to issue up to 40,000,000 units of the Company (the “Units”) at a price of $0.05 per Unit. Each Unit will consist of one common share of the Company (each a “Common Share”) and one Common Share purchase warrant (each a “Warrant”). Each Warrant shall entitle the holder thereof to purchase one additional Common Share at an exercise price of $0.075 for a period of 24 months following the closing of the Offering. The completion of the Offering is subject to regulatory approval. The securities being issued in the private placement will be subject to a four-month hold period in accordance with applicable Canadian securities laws. The Corporation intends to use the net proceeds for general working capital and for further development of its exploration projects.
About Supreme Metals Corp.
Supreme Metals Corp. (CSE: ABJ) (FSE:A68) is a Canadian based exploration company with a focused approach in the area of green and energy metals in the Western World adjacent to anticipated downstream manufacturing projects that will have a significant need for these metals.