Absolutely Critical Resources completes non-brokered private placement
Key facts
- C$150K PP
- C$0.015/unit
(TheNewswire)
Vancouver, British Columbia, September 21, 2026 – TheNewswire – Absolutely Critical Resources Corp. (“ABC” or the “Company”) (TSXV:ABC), wishes to announce that it has been advised that the TSX Venture Exchange does not object to the closing of the private placement announced by the Company on August 24, 2026.
The Company is issuing 10,000,000 common shares of the Company (the “Offering”) at a price of $0.015 per Unit for total gross proceeds of $150,000. No commissions or finders’ fees are payable in connection with the fully subscribed Offering.
The proceeds derived from the sale of the shares will be expended as follows:
Massey Nickel/Copper Project – diamond drill high-priority target - $80,000.
Massey Nickel/Copper Project – option payment - $30,000
Working Capital: General Administrative Expenses and Working Capital, including audit, annual general meeting, and filing fees - $30,000.
Mary Ann’s Lake Project – Preparation of NI 43-101 technical report - $10,000
The Offering was allocated to investors relying on the “accredited investor”, and “family and friends” prospectus exemptions available to ABC. No new Control Person’s was created as a result of this Offering,
Certain Insiders (as such term is defined under the policies of the TSX Venture Exchange (the “Exchange”)) of the Company participated in $48,600 of the Offering. The participation of Insiders in the Offering constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company relies on exemptions from the formal valuation and minority shareholder approval requirements provided under subsections 5.5(a) and 5.7(a) of MI 61-101 on the basis that participation in the Offering by Insiders does not exceed 25% of the fair market value of the Company’s market capitalization.
All securities issued in connection with the Offering are subject to a hold period which expires four months and one day after the date the securities are issued.
The securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements. This release does not constitute an offer for sale of securities in the United States.
TheNewsWire
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