CCC Announces Extension of Private Placement of Units
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CCC ANNOUNCES EXTENSION OF PRIVATE PLACEMENT OF UNITS
Toronto, Ontario, May 1, 2026 - The Canadian Chrome Company Inc., formerly known as KWG
Resources Inc. (CSE: CACR) (CSE: CACR.A) (“CCC” or the “ Company”), is pleased to
announce the extension for an additional 45 days of its previously announced private placement
of up to 10,714,285 units (each a “Unit”) at a price of $1.40 per Unit for aggregate gross proceeds
of up to $15,000,000 (the “Offering”) (see news release dated March 18, 2026) . The terms of
the Offering are that each Unit will be comprised of one (1) multiple voting share of the Company
(a “Multiple Voting Share”) and one (1) Multiple Voting Share purchase warrant (a “Warrant”),
with each Warrant enabling its holder to purchase one further Multiple Voting Share from treasury
upon payment of an exercise price of $1.50 at any time prior to the earlier of (i) five (5) years from
the date of the first closing of the Offering or (ii) two business days after a change of control of
the Company.
The Company will pay finder’s fees of up to 5% of the aggregate amount subscribed for by
subscribers referred to the Company by finders entitled to receive such fees in accordance with
applicable securities laws, which fees will be payable in Units at deemed price of $1.40 per Unit.
All of the securities to be issued pursuant to the Offering will be subject to a four (4) month hold
period.
About The Canadian Chrome Company Inc.
The Canadian Chrome Company Inc. is an exploration stage company that is focused on
identification, acquisition, consolidation, exploration, development and evaluation of large-scale
deposits of minerals including chromite in the Ring of Fire, as well as other base metals and
strategic minerals and, where applicable, support for the development of transportation and
electrification links to access remote areas where these deposits may be located.
For further information, please contact:
Bruce Hodgman, Vice-President: 416-642-3575 ~ [email protected]
Forward-Looking Statements: Information set forth in this news release may involve forward-looking statements under applicable
securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary
statement. The forward-looking statements included in this document are made as of the date of this document and the Company
disclaims any intention or obligation to update or revise any forward-looking statements, whether because of new information,
future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that
the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations
will prove to be correct.
Disclaimer: Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the CSE) accepts responsibility for the adequacy or accuracy of this news release.
The Canadian
Chrome
Company Inc.
PRESS RELEASE NO. 395
Subordinate shares issued & outstanding (CSE-CACR) 1,802,612,932
Convertible into Multiple-voting shares (100:1) equal to: 18,026,129
Multiple-voting shares issued & outstanding: 14,748,219
If all shares convert to Multiple-voting (CSE-CACR.A) 32,774,348