CAT Strategic Announces Non-Brokered Private Placement Pursuant to Listed Issuer Financing Exemption

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VANCOUVER, BC / ACCESSWIRE / October 3, 2023 / CAT Strategic Metals Corporation (CSE:CAT)(OTC Pink:CATTF)(FRA:8CH) ("CAT" or the "Company") is pleased to announce its intention to complete a non-brokered private placement of up to 23,809,523 units (each, a "Unit") at a price of $0.021 per Unit for gross proceeds of up to $500,000 (the "Offering").

Each Unit will consist of one common share of the Company (each, a "Common Share") and one Common Share purchase warrant (each, a "Warrant"). Each Warrant shall entitle the holder to purchase one Common Share (each, a "Warrant Share") at a price of C$0.06 at any time on or before that date which is 36 months after the closing date of the Offering.

Proceeds from the sale of the Offering are intended to fund exploration work and development expenses for its Jackpot Lithium and Gold Jackpot Properties and for general working capital purposes.

At the closing of the Offering, the Company may (i) pay to certain finders a cash commission up to 8.0% of the gross proceeds of the Offering resulting from subscribers introduced by such finders, and (ii) issue to such finders Common Share purchase warrants (the "Finder Warrants"), exercisable for a period of 36 months at an exercise price of $0.06 following the closing of the Offering, to acquire in aggregate that number of Common Shares which is up to 8.0% ‎of the number of Units sold under the Offering attributable to the finders.

The Offering is scheduled to close in one or more tranches with the final closing no later than November 16, 2023, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Canadian Securities Exchange.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Units will be offered for sale to purchasers in Canada pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the "Listed Issuer Financing Exemption"). Because the Offering is being completed pursuant to the Listed Issuer Financing Exemption, the securities issued in the Offering will not be subject to a hold period pursuant to applicable Canadian securities laws.