District Announces Closing of $6 Million Private Placement Financing

  • Vancouver, British Columbia--(Newsfile Corp. - May 21, 2025) - District Metals Corp. (TSXV: DMX) (Nasdaq First North: DMXSE SDB) (OTCQB: DMXCF) (FSE: DFPP); ("District" or the "Company") is pleased to announce that it has closed its non-brokered private placement financing under the Listed Issuer Financing Exemption (as defined below), whereby the Company raised C$6,000,000 through an offering of 22,222,221 common shares in the capital of the Company (the "Shares") at C$0.27 per Share (the "Offering"). The Shares offered under the Offering are not subject to a hold period in accordance with applicable Canadian securities laws.