Supreme Metals arranges $2-million private placement

Mar 22, 2018

2018-03-21 11:59 ET – News Release

Mr. Bob Komarechka reports

SUPREME METALS CORP. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UP TO $2 MILLION

Supreme Metals Corp. intends to complete a non-brokered private placement for gross proceeds of up to $2-million.

Pursuant to the offering, Supreme intends to issue up to 40 million units of the company at a price of five cents per unit. Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant shall entitle the holder thereof to purchase one additional common share at an exercise price of 7.5 cents 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 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.

We seek Safe Harbor.

http://suprememetalscorp.com/news/