Form D · Other
Shift Rare Metals Inc.
Vancouver, A1 · CIK 0002050999
Offering snapshot reported Jan 15, 2025 · SEC filing
- Reported sold
- $1.5M Offering amount: $2.75M
- Investors reported
- 2 Form D · investor count
- Minimum accepted
- $0 Reported outside-investor minimum
- First sale
- Dec 23, 2024 As reported in this filing
What changed?
Latest filing versus its linked predecessor, where available.
No comparable changes in the displayed metrics.
Filing history
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| Filed | Filing type | Reported sold | Change vs linked filing | Investors | Source |
|---|---|---|---|---|---|
| Jan 15, 2025 | Initial | $1,500,552 | No comparison | 2 | SEC filing |
Offering details
- Securities
- Equity, Option to acquire, Security to be acquired, Other
- Exemptions
- 06b
- Duration over one year
- Yes
- Business combination
- Yes
- Sales commissions
- $90K
- Finders' fees
- $0
- Form D file number
- 021-535375
Dollar amounts herein are converted from Canadian dollars using the 0.6947 Bank of Canada daily exchange rate on 12-23-25. Total Remaining to be Sold is the aggregate exercise price of warrants underlying subscription receipts sold in the United States.
Subscription receipts, each conditionally entitling the holder to receive 1 unit of the issuer comprised of one Class D share and 1/2 Class D share purchase warrant with a C$0.50 exercise price and a 2-year term (the "Underlying Securities")
Non-cash compensation includes 432,000 broker warrants, each with an exercise price of C$0.30 and a term of 5 years. In the Valleyview Amalgamation, the broker warrants are to be exchanged for resulting issuer options. Includes amounts not yet received.
Sales compensation recipients
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| Recipient | CRD | Associated broker-dealer |
|---|---|---|
| SCP Resource Finance LP | None | Sprott Global Resource Investments Ltd · CRD 35878 |
| Canaccord Genuity Corp. | None | Canaccord Genuity LLC · CRD 1020 |
Source: Form D, filed Jan 15, 2025. Minimum accepted may differ from a standard advertised minimum.
Fund connections
No confirmed ADV fund connection is available for this issuer.
People & organizations
Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.
| Name | Reported role |
|---|---|
| James Hynes | Director, Executive |
Issuer details
Industry: Other (See others in industry)
Address:
3002 277 Thurlow Street
Vancouver, A1, V6C 0C1
Vancouver, A1, V6C 0C1