Domestic Metals Closes First Tranche of Non-Brokered Private Placement

Domestic Metals Closes First Tranche of Non-Brokered Private Placement

Benzinga
July 22, 2025

**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES**

VANCOUVER, British Columbia, July 22, 2025 (GLOBE NEWSWIRE) -- Domestic Metals Corp. (the "Company" or "Domestic") - (TSXV:DMCU, OTCQB:DMCUF, FSE: 03E)) reports that, pursuant to their news release dated May 27, 2025 and July 11, 2025, the Company has closed a first tranche of their non-brokered financing issuing an aggregate 1,551,120 units for gross proceeds of $356,758. Each Unit consists of one common share of the Company (a "Share") and one-half of one common share purchase warrant (a "Warrant"). Each whole 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 $0.33 per share. The expiry of the Warrants may be accelerated if the closing price of the Company's common shares on the TSX Venture Exchange ("TSXV") is equal to or greater than $0.60 for a minimum of twenty consecutive trading days and a notice of acceleration is provided in accordance with the terms of the Warrants.

Finders received 7% cash and 7% non-transferable broker warrants exercisable at $0.33 for three years and are subject to the acceleration provisions. Finders are Ventum Financial Corp. ($3,542 cash and 15,400 warrants) and Canaccord Genuity Corp. ($10,497 cash and 45,640 warrants).

The final tranche will close on or before August 11, 2025.

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

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

This press release does not constitute an offer of sale of any of the foregoing securities in the United States. ...

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