Red Metal Resources Ltd.
Red Metal Resources Ltd.
23/07/2024 | Press release | Distributed by Public on 23/07/2024 18:26
51 102F3 Material Change Report Form 6 K
51-102F3
Material Change Report
Name and Address of Company
Red Metal Resources Ltd. (the "Company")
1130 Pender Street, West, Suite 820
Vancouver, BC V6E 4A4
Date of Material Change
July 18, 2024
News Release
The news release dated July 19, 2024 was disseminated via NewsFile on July 19, 2024.
Summary of Material Change
Private Placement Offering
On July 18, 2024, the Company closed a second tranche of its previously announced private placement (the "Offering") and issued 550,000 common shares in the capital of the Company at a price of $0.05 per common share for gross proceeds of $27,500. To date, the Company has issued 1,750,000 common shares and received an aggregate of $87,500 from the Offering.
The common shares are subject to a restricted period of four months and a day. There were no finders' fees paid in connection with the Offering.
Debt Settlement
On July 18, 2024, the Company settled a debt with a creditor (the "Debt Settlement"), pursuant to which the Company issued 150,000 common shares at a deemed price of $0.05 per Share to settle $7,500 in outstanding indebtedness.
The common shares are subject to a restricted period of four months and a day.
Full Description of Material Change
5.1 Full Description of Material Change
Private Placement Offering
On July 18, 2024, the Company closed a second tranche of its Offering and issued 550,000 common shares in the capital of the Company at a price of $0.05 per common share for gross proceeds of $27,500. To date, the Company has issued 1,750,000 common shares and received an aggregate of $87,500 from the Offering.
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The common shares are subject to a restricted period of four months and a day. There were no finders' fees paid in connection with the Offering.
Debt Settlement
On July 18, 2024, the Company settled a debt with a creditor pursuant to which it issued 150,000 common shares at a deemed price of $0.05 per Share to settle $7,500 in outstanding indebtedness.
The common shares are subject to a restricted period of four months and a day.
5.2 Disclosure for Restructuring Transactions
N/A
Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
N/A
Omitted Information
None
Executive Officer
Gregg Jensen, Chief Executive Officer, 1-866-907-5403
Date of Report
July 22, 2024