Allied Critical Metals Corp. Completes $4.6 Million Private Placement Offering of Subscription Receipts

Allied Critical Metals Corp. (“ACM”), an Ontario based private company engaged in the acquisition, exploration and potential development of tungsten projects in Portugal, completed a private placement (the “Offering”) of subscription receipts (the “Subscription Receipts”), consisting of an aggregate of 22,890,680 Subscription Receipts of ACM at a price of $0.20 per Subscription Receipt for aggregate gross proceeds of approximately $4.6 million.

Research Capital Corporation acted as lead agent in respect of the Offering together with a syndicate of agents that included ECM Capital Advisors Ltd., Beacon Securities Limited and Ventum Financial Corp. (collectively, the “Agents”)

The Offering was undertaken in connection with a series of transactions that will result in a reverse takeover of Deeprock Minerals Inc. (“Deeprock”) by way of three-cornered amalgamation involving Deeprock Holdings Ltd., a wholly-owned subsidiary of Deeprock to be incorporated for the sole purpose of facilitating the amalgamation.

Wildeboer Dellelce LLP acted for the Agents in connection with the Offering with a team that included Jeff Hergott, Niall Sweeney and Brett Varrin (corporate/securities).