Each Unit consists of one common share (a “Common share“) and one purchase warrant for common shares (a “Deposit“). Each Warrant is exercisable in one common share at a price of $0.05 per share until 4:00 PM (Pacific Time) on November 21, 2030. The Warrants are currently listed on the Canadian Securities Exchange under the trading symbol “CAT.WT”.
To the best of the Company’s knowledge, after reasonable investigation, no director, officer or insider of the Company has purchased any Units. To the best of the Company’s knowledge, after reasonable investigation, no one has become a new shareholder owning more than 10% of the Common Shares at the closing of the Offering.
Following the closing of the Offering, the Company will have 339,553,654 ordinary shares issued and outstanding, prior to exercise of the Warrants.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities within the United States, and such securities may not be offered or sold in the United States, or to or for the account or benefit of any person in the United States or any “US person” (as defined in Regulation S under the US Securities Act of 1933, as amended) unless registered under the US Securities Act and applicable state securities laws, or pursuant to an exemption from such registration requirements.
About CAT Strategic Metals Corporation (CAT)
CAT Strategic Metals’ business strategy, as reflected in its overall mission statement, is to acquire, identify, acquire and advance real estate interests located in mineral districts proven to have world-class potential, primarily lithium, copper, gold, silver and tellurium. In addition to the strategic metals property Gold Jackpot, located NE of Elko, Nevada, CAT also controls the Burntland Project, located northeast of St. Quentin in Restigouche County, New Brunswick, Canada, focused on the exploration and development of several Skarn-hosted copper-silver-gold targets. CAT’s shares trade on the Canadian Securities Exchange (CSE) under the trading symbol “CAT”, and on the Frankfurt Stock Exchange under the symbol “8CHA”.
ON BEHALF OF THE BOARD
Robert Rosner
Chairman, President and CEO
Caution Regarding Forward-Looking Information
This press release contains statements that constitute “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or industry results, to be materially different from those expressed or implied by such forward-looking information. All statements in this document, other than statements of historical fact, are forward-looking information. Forward-looking information in this press release includes, but is not limited to, statements regarding: the intended use of the proceeds and CAT’s ability to continue as a going concern and carry out its current business objectives. Forward-looking information is based on a number of assumptions and estimates, including, without limitation, assumptions regarding the general stability of the economic and political environment in which CAT operates; the Company’s ability to obtain all required approvals and consents, including the acceptance by the CSE of the listing of the rights and the warrants; investor interest and participation in the Rights Offering; CAT’s ability to access capital on acceptable terms; the future growth potential and operating performance of the company; and that general business and economic conditions will not change materially adversely. Although the Company believes these assumptions to be reasonable based on the information currently available to management, they may prove to be incorrect. Actual results may differ materially from those currently anticipated due to a number of risks and uncertainties, including, but not limited to: the possibility that the Rights Offering will not be completed on the terms herein, or at all; the Company’s inability to obtain required regulatory approvals; fluctuations in general market conditions and the trading price of the common stock; dilution as a result of the Rights Offering or other future financings; the company’s ability to maintain continuity; operational and financial risks inherent in mineral exploration and resource development; the availability of financing; political and regulatory risks; changes in legislation or regulations; and other factors beyond CAT’s control.
Readers are cautioned that the foregoing list of risks and uncertainties is not exhaustive. Additional information identifying risks and uncertainties that could affect the Company’s operations and financial results can be found in CAT’s filings with Canadian securities regulators, available under the Company’s profile on SEDAR+ at www.sedarplus.ca.
The forward-looking information contained in this press release is made as of the date of this press release and CAT disclaims any obligation to update or revise such information, whether as a result of new information, future events or otherwise, except as required by applicable law.
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES.
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