Supreme Critical Metals Updates Debt Settlement Terms

Victory Resources ( (TSE:CRIT) ) has provided an announcement.

Supreme Critical Metals Inc. has announced an update to its debt settlement agreements, amending the issue price per share to $0.13. The company plans to issue 5,749,169 common shares to settle a total debt of $747,392, with a portion of these shares being allocated to related parties, including directors and officers. This move is subject to a four-month restricted hold and exchange approval, and it is structured to comply with regulatory exemptions due to the transaction’s value being less than 25% of the company’s market capitalization.

More about Victory Resources

Supreme Critical Metals Inc. is a publicly traded diversified investment corporation focused on exploring and investing in opportunities within the lithium, copper, silver, and precious metals sectors. The company prioritizes regions conducive to mining, supported by favorable government regulations and existing infrastructure.

YTD Price Performance: -20.83%

Average Trading Volume: 17,691

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$569.3K

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