Defense Metals Corp V.DEFN

Alternate Symbol(s): DFMTF

Metals & Mining Industrial Metals & Minerals

Defense Metals Corp. is a Canada-based mineral exploration and development company. The Company is focused on the development of its 100% owned Wicheeda Project, which is located on the traditional territory of the McLeod Lake Indian Band in British Columbia, Canada. The Wicheeda Project consists of 12 mineral claims covering an area of approximately 8,301 hectares (20,534 acres) located 80 kilometers northeast of the city of Prince George, British Columbia, Canada. Its rare-earth elements project delivers critical metals commonly used in the defense and national security industries, and in the production of green energy technologies.

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Defense Metals Corp > Tick tock

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Comment by Maxmoeon Nov 09, 2021 3:46pm

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Post# 34106476

RE:RE:Tick tock

Less than 3 weeks little buddy. Don't believe me? Ask management. Or their overpaid IR guy if he'll give you a straight answer. Yes or no answer. Will there be approximately 40 million shares issued in approximately 3 weeks? Hint, the shares are issuable to spectrum which includes director burgess. Worst terms I've ever seen for a property acquisition. See nov 26, 2018 news release. Here is an excerpt. If the Company fulfills the foregoing obligations, and delivers to Spectrum the Exercise Notice within the Exercise Period, the Company shall forthwith: (a) issue to the shareholders of Spectrum (the "Vendors") on a pro rata basis, such number of common shares of the Company equal to 49% of the aggregate of the following: (i) the issued and outstanding common shares of the Company at such time; plus (ii) the common shares of the Company to be issued to the Vendors; and (b) pay to the Vendors on a pro rata basis, a cash payment in the aggregate of $100,000.