Supreme Critical Metals Inc. Announces Update to Debt Settlements
Supreme Critical Metals Inc. (CSE:CRIT, OTC:VRCFF) has updated its debt settlement terms, amending the share issue price to $0.13. The company will issue 5,749,169 common shares to settle a total debt of $747,392. Of these shares, 1,190,769 will be issued to four directors and officers as part of a related party transaction. The shares will be subject to a 4-month restricted hold period and exchange approval. The company is utilizing exemptions under MI 61-101 as the fair market value of the shares being issued represents less than 25% of the company's market capitalization.
Supreme Critical Metals Inc. (CSE:CRIT, OTC:VRCFF) ha aggiornato i termini del suo accordo di risoluzione del debito, modificando il prezzo di emissione delle azioni a $0,13. L'azienda emetterà 5.749.169 azioni ordinarie per saldare un debito totale di $747.392. Di queste azioni, 1.190.769 saranno emesse a quattro direttori e funzionari come parte di una transazione con parti correlate. Le azioni saranno soggette a un periodo di blocco di 4 mesi e all'approvazione dell'exchange. L'azienda sta utilizzando esenzioni ai sensi del MI 61-101 poiché il valore di mercato equo delle azioni emesse rappresenta meno del 25% della capitalizzazione di mercato dell'azienda.
Supreme Critical Metals Inc. (CSE:CRIT, OTC:VRCFF) ha actualizado los términos de su acuerdo de liquidación de deudas, modificando el precio de emisión de acciones a $0.13. La empresa emitirá 5,749,169 acciones ordinarias para liquidar una deuda total de $747,392. De estas acciones, 1,190,769 se emitirán a cuatro directores y funcionarios como parte de una transacción con partes relacionadas. Las acciones estarán sujetas a un período de retención restringida de 4 meses y a la aprobación del intercambio. La empresa está utilizando exenciones bajo MI 61-101, ya que el valor de mercado justo de las acciones emitidas representa menos del 25% de la capitalización de mercado de la empresa.
Supreme Critical Metals Inc. (CSE:CRIT, OTC:VRCFF)는 채무 해결 조건을 업데이트하며 주식 발행 가격을 $0.13로 수정했습니다. 회사는 총 $747,392의 채무를 해결하기 위해 5,749,169 보통주를 발행할 예정입니다. 이 중 1,190,769주는 네 명의 이사와 임원에게 관련 당사자 거래의 일환으로 발행됩니다. 이 주식은 4개월의 제한된 보유 기간과 거래소 승인을 받아야 합니다. 회사는 발행되는 주식의 공정 시장 가치가 회사의 시장 자본금의 25% 미만을 차지하기 때문에 MI 61-101에 따른 면제를 활용하고 있습니다.
Supreme Critical Metals Inc. (CSE:CRIT, OTC:VRCFF) a mis à jour les conditions de règlement de sa dette, en modifiant le prix d'émission des actions à $0,13. L'entreprise émettra 5.749.169 actions ordinaires pour régler une dette totale de $747.392. Parmi ces actions, 1.190.769 seront émises à quatre directeurs et dirigeants dans le cadre d'une transaction avec des parties liées. Les actions seront soumises à une période de blocage de 4 mois et à l'approbation de l'échange. L'entreprise utilise des exemptions en vertu de la MI 61-101, car la juste valeur marchande des actions émises représente moins de 25 % de la capitalisation boursière de l'entreprise.
Supreme Critical Metals Inc. (CSE:CRIT, OTC:VRCFF) hat die Bedingungen seiner Schuldenregelung aktualisiert und den Ausgabepreis der Aktien auf $0,13 geändert. Das Unternehmen wird 5.749.169 Stammaktien ausgeben, um eine Gesamtschuld von $747.392 zu begleichen. Von diesen Aktien werden 1.190.769 an vier Direktoren und Führungskräfte im Rahmen einer Transaktion mit nahestehenden Personen ausgegeben. Die Aktien unterliegen einer 4-monatigen Sperrfrist und der Genehmigung durch die Börse. Das Unternehmen nutzt Ausnahmen gemäß MI 61-101, da der faire Marktwert der ausgegebenen Aktien weniger als 25% der Marktkapitalisierung des Unternehmens ausmacht.
- Debt reduction of $747,392 through share issuance
- No immediate cash outlay required for debt settlement
- Share dilution through issuance of 5,749,169 new common shares
- Significant insider participation (1,190,769 shares) in debt settlement
VANCOUVER, BC / ACCESS Newswire / March 19, 2025 / Supreme Critical Metals Inc. (CSE:CRIT)(FWB:VR61)(OTC PINK:VRCFF) ("Supreme" or the "Company") announces that further to its previous announcement regarding the debt settlement agreements, the Company has amended the issue price per share to
Related parties transactions account for 1,190,769 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.
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FAQ
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