VANCOUVER, British Columbia, May 05, 2026 (GLOBE NEWSWIRE) -- Domestic Metals Corp. (the "Company" or "Domestic") - (TSXV:DMCU, OTCQB:DMCUF, FSE: 03E0)) reports that pursuant to their news release dated April 14, 2026, the Company has closed the private placement (the "Offering") 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 (a "Share") and one common share purchase warrant (a "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 ...
