Supreme Critical Metals Inc. Update on Project, Debt Settlements and Cancellations of Incentive Stock Options
Supreme Critical Metals (CSE:CRIT, OTC:VRCFF) has announced several significant corporate updates. The company has decided not to renew the Smokey Lithium Project claims following a review of drilling results, leading to an impairment of these exploration and evaluation assets. Additionally, the company has reached debt settlement agreements to issue 1,250,000 common shares at $0.12 per share, totaling $150,000, subject to a 4-month restricted hold and exchange approval. The company has also cancelled 170,000 stock options that were deemed no longer effective in aligning holder interests with shareholders.
Supreme Critical Metals (CSE:CRIT, OTC:VRCFF) ha annunciato diversi aggiornamenti aziendali significativi. L'azienda ha deciso di non rinnovare le rivendicazioni del Smokey Lithium Project a seguito di una revisione dei risultati di perforazione, che ha comportato un deterioramento di questi beni di esplorazione e valutazione. Inoltre, l'azienda ha raggiunto accordi di liquidazione del debito per emettere 1.250.000 azioni ordinarie a $0.12 per azione, per un totale di $150.000, soggette a un divieto di 4 mesi e all'approvazione dell'exchange. L'azienda ha anche annullato 170.000 opzioni su azioni che non erano più efficaci nell'allineare gli interessi dei detentori con quelli degli azionisti.
Supreme Critical Metals (CSE:CRIT, OTC:VRCFF) ha anunciado varias actualizaciones corporativas significativas. La empresa ha decidido no renovar las concesiones del Smokey Lithium Project tras una revisión de los resultados de perforación, lo que ha llevado a una disminución de estos activos de exploración y evaluación. Además, la compañía ha llegado a acuerdos de liquidación de deudas para emitir 1,250,000 acciones comunes a $0.12 por acción, sumando un total de $150,000, sujeto a una restricción de 4 meses y a la aprobación del intercambio. La empresa también ha cancelado 170,000 opciones sobre acciones que se consideraron ineficaces para alinear los intereses de los tenedores con los de los accionistas.
Supreme Critical Metals (CSE:CRIT, OTC:VRCFF)는 여러 중요한 기업 업데이트를 발표했습니다. 이 회사는 시추 결과를 검토한 후 Smokey Lithium Project의 권리를 갱신하지 않기로 결정했으며, 이로 인해 이러한 탐사 및 평가 자산의 손상이 발생했습니다. 또한, 회사는 채무 정산 계약을 체결하여 주당 $0.12로 1,250,000주를 발행하여 총 $150,000에 달하는 자금을 마련하기로 했으며, 이는 4개월의 제약 보유 및 거래소 승인을 조건으로 합니다. 회사는 또한 주주와의 이해관계를 더 이상 align할 수 없다고 판단하여 170,000개의 스톡옵션을 취소했습니다.
Supreme Critical Metals (CSE:CRIT, OTC:VRCFF) a annoncé plusieurs mises à jour d'entreprise significatives. La société a décidé de ne pas renouveler les revendications du Smokey Lithium Project après un examen des résultats de forage, ce qui a entraîné une amortissement de ces actifs d'exploration et d'évaluation. De plus, l'entreprise a conclu des accords de règlement de dettes pour émettre 1 250 000 actions ordinaires à 0,12 $ par action, totalisant 150 000 $, sous réserve d'une restriction de 4 mois et de l'approbation de l'échange. L'entreprise a également annulé 170 000 options d'achat d'actions qui n'étaient plus jugées efficaces pour aligner les intérêts des détenteurs avec ceux des actionnaires.
Supreme Critical Metals (CSE:CRIT, OTC:VRCFF) hat mehrere bedeutende Unternehmensaktualisierungen angekündigt. Das Unternehmen hat beschlossen, die Ansprüche des Smokey Lithium Project nach einer Überprüfung der Bohrergebnisse nicht zu erneuern, was zu einer Wertminderung dieser Explorations- und Bewertungsaktiva geführt hat. Darüber hinaus hat das Unternehmen Schuldenregulierungsvereinbarungen getroffen, um 1.250.000 Stammaktien zu einem Preis von 0,12 $ pro Aktie auszugeben, was insgesamt 150.000 $ entspricht, vorbehaltlich einer 4-monatigen Beschränkung und der Genehmigung durch die Börse. Das Unternehmen hat auch 170.000 Aktienoptionen storniert, die als nicht mehr wirksam bei der Angleichung der Interessen der Inhaber an die der Aktionäre erachtet wurden.
- Debt reduction of $150,000 through share issuance
- Impairment of Smokey Lithium Project assets due to unfavorable drilling results
- Share dilution through issuance of 1,250,000 new shares for debt settlement
VANCOUVER, BC / ACCESSWIRE / December 4, 2024 / Supreme Critical Metals Inc. (CSE:CRIT)(FWB:VR61)(OTC PINK:VRCFF) ("Supreme" or the "Company") announces the Company has elected not to renew the Smokey Lithium Project claims after reviewing drilling results, and will impair these exploration and evaluation assets.
The Company and arms-length third parties have reached debt settlement agreements whereby the Company will issue 1,250,000 common shares at a price of $.12 per share for a total of
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: +1 (236) 317-2822
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 accesswire.com
FAQ
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