Supreme Critical Metals Inc. Announces Debt Settlements
Supreme Critical Metals Inc (OTC PINK:VRCFF) has announced debt settlement agreements through the issuance of 7,473,920 common shares at $0.10 per share, totaling $747,392. The shares will be subject to a 4-month restricted hold period and exchange approval.
Of the total issuance, 1,548,000 shares will be allocated to four directors and officers as related party transactions. The company is utilizing exemptions under sections 5.5(a) and 5.7(a) of MI 61-101, as the fair market value of the shares represents less than 25% of the company's market capitalization.
Supreme Critical Metals Inc (OTC PINK:VRCFF) ha annunciato accordi di risoluzione del debito attraverso l'emissione di 7.473.920 azioni ordinarie a $0,10 per azione, per un totale di $747.392. Le azioni saranno soggette a un periodo di blocco di 4 mesi e all'approvazione della borsa.
Del totale emesso, 1.548.000 azioni saranno allocate a quattro direttori e funzionari come transazioni con parti correlate. L'azienda sta utilizzando esenzioni ai sensi delle sezioni 5.5(a) e 5.7(a) del MI 61-101, poiché il valore di mercato equo delle azioni rappresenta meno del 25% della capitalizzazione di mercato dell'azienda.
Supreme Critical Metals Inc (OTC PINK:VRCFF) ha anunciado acuerdos de liquidación de deudas mediante la emisión de 7,473,920 acciones ordinarias a $0.10 por acción, totalizando $747,392. Las acciones estarán sujetas a un período de retención restringido de 4 meses y a la aprobación del intercambio.
Del total emitido, 1,548,000 acciones se asignarán a cuatro directores y funcionarios como transacciones entre partes relacionadas. La compañía está utilizando exenciones bajo las secciones 5.5(a) y 5.7(a) de MI 61-101, ya que el valor de mercado justo de las acciones representa menos del 25% de la capitalización de mercado de la compañía.
Supreme Critical Metals Inc (OTC PINK:VRCFF)는 7,473,920주의 보통주를 주당 $0.10에 발행하여 총 $747,392의 부채 해결 계약을 발표했습니다. 이 주식은 4개월의 제한된 보유 기간과 거래소 승인을 받아야 합니다.
총 발행량 중 1,548,000주는 관련 당사자 거래로서 네 명의 이사 및 임원에게 배분됩니다. 회사는 MI 61-101의 5.5(a) 및 5.7(a) 조항에 따른 면제를 사용하고 있으며, 주식의 공정 시장 가치는 회사의 시장 자본금의 25% 미만입니다.
Supreme Critical Metals Inc (OTC PINK:VRCFF) a annoncé des accords de règlement de dettes par l'émission de 7.473.920 actions ordinaires à 0,10 $ par action, totalisant 747.392 $. Les actions seront soumises à une période de blocage de 4 mois et à l'approbation de l'échange.
Sur le total émis, 1.548.000 actions seront attribuées à quatre directeurs et dirigeants en tant que transactions entre parties liées. La société utilise des exemptions en vertu des sections 5.5(a) et 5.7(a) du MI 61-101, car la juste valeur marchande des actions représente moins de 25 % de la capitalisation boursière de la société.
Supreme Critical Metals Inc (OTC PINK:VRCFF) hat Schuldenregulierungsvereinbarungen durch die Ausgabe von 7.473.920 Stammaktien zu je $0,10 pro Aktie angekündigt, was insgesamt $747.392 ergibt. Die Aktien unterliegen einer viermonatigen Sperrfrist und der Genehmigung der Börse.
Von der Gesamtmenge werden 1.548.000 Aktien vier Direktoren und Führungskräften als Transaktionen mit nahestehenden Personen zugewiesen. Das Unternehmen nutzt Ausnahmen gemäß den Abschnitten 5.5(a) und 5.7(a) der MI 61-101, da der faire Marktwert der Aktien weniger als 25% der Marktkapitalisierung des Unternehmens darstellt.
- Debt reduction of $747,392 through share issuance
- Settlement agreement reached with creditors without cash expenditure
- Shareholder dilution through issuance of 7.47M new shares
- 20.7% of new shares issued to insiders through related party transactions
VANCOUVER, BC / ACCESS Newswire / March 18, 2025 / Supreme Critical Metals Inc. (CSE:CRIT)(FWB:VR61)(OTC PINK:VRCFF) ("Supreme" or the "Company") announces the Company and third parties have reached debt settlement agreements whereby the Company will issue 7,473,920 common shares at a price of $.10 per share for a total of
Related parties transactions account for 1,548,000 of the shares to be issued to 4 directors and officers, making this a related party transaction. The Company is relying upon exemptions contained in sections 5.5(a) and 5.7 (a) of MI 61-101 as the fair market value of the shares being issued is less than
About Supreme Critical Metals Inc.
SUPREME CRITICAL METALS INC. is a publicly traded diversified investment corporation actively exploring and investigating multiple opportunities in lithium, copper, silver, and precious metals. The Company adheres to strategic guidelines that prioritize regions conducive to mining, supported by favourable government regulations and existing infrastructure.
For further information, please contact:
George Tsafalas, Director
Phone: Toll Free 1(778) 373-8578
E-mail: info@supremecritalmetals.com
www.supremecriticalmetals.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
SOURCE: Supreme Critical Metals Inc.
View the original press release on ACCESS Newswire
FAQ
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