C3 Metals Inc. announced a bought deal private placement of up to 78,947,400 common shares at a price of CAD 0.19 per share for the gross proceeds of up to CAD 15,000,006 on October 19, 2021. The company has granted the agents an over-allotment option to distribute up to an additional 15,789,500 shares at the issue price, exercisable in whole or in part at any time prior to the closing of the offering for aggregate proceeds of CAD 3,000,005. The transaction is expected to close on or about November 9, 2021. The transaction is subject to all necessary regulatory and other approvals including the approval of the TSX Venture Exchange.