The Prospector News

Domestic Metals Closes Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Domestic Metals Closes Private Placement

 

 

 

 

 

Domestic Metals Corp. (TSX-V: DMCU) (OTCQB: DMCUF) (FSE: 03E0) reports that pursuant to their news release dated April 14, 2026, the Company has closed the private placement issuing 10,973,700 units of the Company at a price of $0.28 per unit for gross proceeds of $3,072,636. Each Unit consists of one common share of the Company and one common share purchase warrant. Each Warrant entitles the holder to acquire one additional Share of the Company for a period of three years from the date of issuance at a price of $0.40 per Share.

 

Finders’ fees were paid to Beacon Securities Limited ($71, 932 cash and 256,900 warrants), Canaccord Genuity Corp. ($63,602 cash and 227,150 warrants), Leede Financial Inc. (10,950.52 cash and 39,109 warrants) and Ventum Financial Corp. ($3,920 cash and 14,00 warrants). All finders’ warrants are non-transferable, and otherwise have the same terms as the Warrants.

 

All securities issued in the Offering have a four-month plus one day hold period, during which time the securities may not be traded. The Offering is subject to the final acceptance of the TSXV.

 

The net proceeds from the Offering are intended for general working capital and exploration and development and drilling costs.

 

This press release does not constitute an offer of sale of any of the foregoing securities in the United States. None of the foregoing securities have been nor will be registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”) or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

 

About Domestic Metals Corp.

 

Domestic Metals Corp. is a mineral exploration company focused on the discovery of large-scale, copper and gold deposits in exceptional, historical mining project areas in the Americas.

 

The Company aims to discover new economic mineral deposits in historical mining districts that have seen exploration in geologically attractive mining jurisdictions, where economically favorable g rades have been indicated by historic drilling and outcrop sampling.

 

The Smart Creek Project is strategically located in the mining-friendly state of Montana, containing widespread copper mineralization at surface and hosts 4 attractive porphyry copper, epithermal gold, replacement and exotic copper exploration targets with excellent host rocks for mineral deposition.

 

Domestic Metals Corp. is led by an experienced management team and an accomplished technical team, with successful track records in mine discovery, mining development and financing.

 

Posted May 6, 2026

Share this news article

MORE or "UNCATEGORIZED"


Opus One Gold Corp Releases More Gold Assay Results from Its 2026 Winter Drilling Program on Noyell

Hole NO-26-07 Returns 8.22 g/t Au Over 8.5 m.   Opus One Gold Co... READ MORE

May 6, 2026

Blue Moon Metals Announces Closing of C$156 Million "Bought Deal" Offerings

Blue Moon Metals Inc. (TSX-V: MOON) (NASDAQ: BMM) is pleased to a... READ MORE

May 6, 2026

Viscount Mining Drills Visible Silver-Bearing Mineralization Across First Three Holes at the Kate Resource in Silver Cliff

Drilling targets prolific Tr2 and Tr3 rhyolite host units that hi... READ MORE

May 6, 2026

NexGold Intersects 14.10 g/t Gold Over 6.0 Metres, 2.99 g/t Gold over 20.0 Metres and 10.67 g/t Gold Over 7.0 Metres at the Goldlund Deposit, Ontario

NexGold Mining Corp. (TSX-V: NEXG) (OTCQX: NXGCF) is pleased to ... READ MORE

May 6, 2026

Newcore Gold Drilling Intersects 1.23 g/t Gold over 33.0 Metres, Including 2.16 g/t Gold over 13.0 Metres, at the Enchi Gold Project, Ghana

Diamond Drilling at the Boin Gold Deposit Intersects Gold Mineral... READ MORE

May 6, 2026

Copyright 2026 The Prospector News