Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF)
(“
Alaska Energy Metals” or the
“
Company”) reports that the brokered private
placement announced in its news release of July 6, 2023
(“
Brokered Private Placement”) has been increased
to 21,250,000 units (the “
Units”) at a price of
$0.40 per Unit, for gross proceeds of up to $8,500,000. Each Unit
will consist of one common share in the capital of the Company
(each, a
“Common Share”) and
one-half of one Common Share purchase warrant (each whole warrant,
a “
Warrant”). Each Warrant will entitle the holder
thereof to purchase an additional Common Share (each, a
“
Warrant Share”) at a price of $0.80 for a term of
two (2) years from the date of issuance. The Company engaged
Emerging Equities Inc. as lead agent (the “
Lead
Agent”), on behalf of a syndicate of agents including
Canaccord Genuity Corp., Echelon Wealth Partners, Red Cloud
Securities Inc. and Cormark Securities Inc. (together with the Lead
Agent, the “
Agents”), to raise a minimum of
$4,000,000 on a commercially reasonable best efforts basis. Under
the amended engagement letter with Emerging Equities the syndicate
may raise up to $8,500,000 on a commercially reasonable best
efforts basis.
A portion or all of the Brokered Private
Placement may be completed pursuant to Multilateral CSA Notice
45-313 – Prospectus Exemption for Distributions to Existing
Security Holders (“CSA 45-313”) and the corresponding blanket
orders and rules implementing CSA 45-313 in the participating
jurisdictions in respect thereof (collectively with CSA 45-313, the
“Existing Security Holder Exemption”). As at the date hereof, the
Existing Security Holder Exemption is available in each of the
offering jurisdictions (being, British Columbia, Alberta, Ontario
and Saskatchewan) (the “Offering Jurisdictions”).
Subject to applicable securities laws, the Company will permit each
person or company who, as of July 14, 2023 (being the record date
set by the Company pursuant to CSA 45-313), holds Common Shares as
of that date to subscribe for up to $15,000 (or 37,500 Units) in
Units that will be distributed pursuant to the Brokered Private
Placement, provided that the Existing Security Holder Exemption is
available to such person or company. Qualifying shareholders who
wish to participate in the Brokered Private Placement should
contact the Company at the contact information set forth below.
In addition to the Existing Security Holder
Exemption, a portion or all of the Brokered Private Placement may
be completed pursuant to Multilateral CSA Notice 45-318 –
Prospectus Exemption for Certain Distributions through an
Investment Dealer (“CSA 45-318”) and the
corresponding blanket orders and rule implementing CSA 45- 318 in
the participating jurisdictions in respect thereof (collectively
with CSA 45-318, the “Investment Dealer
Exemption”). As at the date hereof, of the Offering
Jurisdictions, the Investment Dealer Exemption is available in each
of British Columbia, Alberta and Saskatchewan. Pursuant to CSA
45-318, each subscriber relying on the Investment Dealer Exemption
must obtain advice regarding the suitability of the investment from
a registered investment dealer.
In accordance with the Investment Dealer
Exemption, the Company advises that there is no material fact or
material change of the Company that has not been disclosed.
The Company also announces a concurrent
non-brokered private placement to raise gross proceeds of up to
$1,000,000 by the issuance of up to 2,500,000 Units (the
“Non-Brokered Private Placement, and with the
Brokered Private Placement, the “Offerings”). The
Non-Brokered Private Placement shall be on the same terms as the
Brokered Private Placement. Units will be sold at a price of $0.40
per Unit. Each Unit will consist of one Common Share in the capital
of the Company and one-half of one Warrant. Each Warrant will
entitle the holder thereof to purchase a Warrant Share at an
exercise price of $0.80, for a term of two (2) years from the date
of issuance. Insiders may participate in the Non-Brokered Private
Placement.
Assuming the Offerings are fully subscribed, the
Company intends to allocate the net proceeds as follows: drilling
at the Eureka Zone of the Nikolai project in Alaska ($4,500,000),
metallurgical studies ($500,000), marketing ($1,500,000), property
acquisitions ($1,000,000) and the remainder of the proceeds will be
used towards general corporate purposes. Actual allocation of the
net proceeds may vary from the foregoing and if the Offering is not
fully subscribed, the Company may allocate the net proceeds of the
Offerings in such priority and proportions as the board of
directors or management of the Company determines is in the best
interests of the Company.
The securities issued pursuant to the Offerings
will be subject to a four-month hold period from the date of
issuance. Completion of the Offerings remain subject to the receipt
of all necessary regulatory approvals, including the approval of
the TSX Venture Exchange.
It is anticipated that the Offerings will close
on or about July 26, 2023.
About Alaska Energy MetalsAlaska Energy Metals
Corporation is focused on delineating and developing a large
polymetallic exploration target containing nickel, copper, cobalt,
chrome, iron, platinum, palladium and gold. Located in
development-friendly central Alaska near existing transportation
and power infrastructure, the project is well-situated to become a
significant, domestic source of critical and strategic
energy-related metals.
ON BEHALF OF THE BOARD“Gregory Beischer”Gregory
Beischer, President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT:Gregory
A. Beischer, President & CEOToll-Free: 877-217-8978 | Local:
604-638-3164
Some statements in this news release may contain
forward-looking information (within the meaning of Canadian
securities legislation), including, without limitation, the
completion of the Offerings and the intended use of proceeds
therefrom. These statements address future events and conditions
and, as such, involve known and unknown risks, uncertainties, and
other factors which may cause the actual results, performance, or
achievements to be materially different from any future results,
performance, or achievements expressed or implied by the
statements. Forward-looking statements speak only as of the date
those statements are made. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results may differ materially from
those in the forward-looking statements. Factors that could cause
the actual results to differ materially from those in
forward-looking statements include regulatory actions, market
prices, and continued availability of capital and financing, and
general economic, market or business conditions. Investors are
cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ
materially from those projected in the forward-looking statements.
Forward-looking statements are based on the beliefs, estimates and
opinions of the Company's management on the date the statements are
made. Except as required by applicable law, the Company
assumes no obligation to update or to publicly announce the results
of any change to any forward-looking statement contained or
incorporated by reference herein to reflect actual results, future
events or developments, changes in assumptions, or changes in other
factors affecting the forward-looking statements. If the Company
updates any forward-looking statement(s), no inference should be
drawn that it will make additional updates with respect to those or
other forward-looking statements.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this press release.
This news release does not constitute an offer
for sale, or a solicitation of an offer to buy, in the United
States or to any “U.S Person” (as such term is defined in
Regulation S under the U.S. Securities Act of 1933, as amended (the
“1933 Act”)) of any equity or other securities of
the Company. The securities of the Company have not been, and will
not be, registered under the 1933 Act or under any state securities
laws and may not be offered or sold in the United States or to a
U.S. Person absent registration under the 1933 Act and applicable
state securities laws or an applicable exemption therefrom.
Alaska Energy Metals (TSXV:AEMC)
過去 株価チャート
から 5 2024 まで 6 2024
Alaska Energy Metals (TSXV:AEMC)
過去 株価チャート
から 6 2023 まで 6 2024