Supreme Metals closes $1.2-million tranche of financing

Mar 28, 2018

2018-03-28 10:56 ET – News Release

Mr. Bob Komarechka reports

SUPREME METALS CORP. CLOSES $1.2 MILLION FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Supreme Metals Corp. has closed the first tranche of its non-brokered private placement previously announced on March 21, 2018. Pursuant to the first tranche, a total of 24 million units were issued at a price of five cents per unit for gross proceeds of $1.2-million. Each unit consists 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.

All securities issued pursuant to the first tranche, including the common shares underlying the warrants, are subject to a statutory hold period which will expire on July 28, 2018. 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/