Domestic Metals

Domestic Metals issued 10,973,700 units at C$0.28 each for gross proceeds of C$3,072,636. Each unit consists of one common share and one warrant exercisable within three years at C$0.40. Brokers received cash payments and non-transferable warrants; the issued securities are subject to a four-month-plus-one-day hold period and the transaction remains subject to TSX Venture Exchange approval. Net proceeds will be used for working capital and for exploration, development and drilling costs; the company reports a current ratio of 2.62 but a negative free cash flow of $1.41m in the last twelve months. » Mere på de.investing.com

Domestic Metals issued 11,205,505 units at US$0.28 each, generating gross proceeds of US$3,137,541.40. Each unit consists of one common share and a warrant exercisable within three years at US$0.40. A total of 553,570 units were issued to a director or a company beneficially owned by that director; the company relied on exemptions from formal valuations and minority approvals. The proceeds are intended for working capital and exploration and development costs, while metrics such as a current ratio of 0.32 point to short-term liquidity issues and an InvestingPro rating classifies the stock as potentially overvalued. » Mere på de.investing.com

Domestic Metals has completed an induced-polarization (IP) survey on the Smart Creek copper-gold-silver project in Montana (26 line-km; fieldwork Feb. 6–Mar. 2). The company is modeling the new data to define drill targets for diamond drilling planned for mid-April; the campaign is funded by the recent private placement. Domestic Metals is combining the IP data with earlier surveys to assess porphyry and carbonate-replacement mineralization potential; a results update will follow in a later release. The company has a market capitalization of about $11 million, the stock trades at $0.23, and it returned 265% over the past year. » Mere på de.investing.com