Alaska Energy Metals Closes Flow-Through Financing
December 28 2023 - 7:11PM
Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF)
(“AEMC” or the “Company”) is pleased to announce it has closed a
non-brokered private placement of flow-through common shares (“the
financing”). The sole participant in the financing was Maple Leaf
Funds through subscriptions by Maple Leaf Critical Minerals 2023-II
Flow Through LP – Quebec Class and Maple Leaf Critical Minerals
2023 Super Flow Through LP – Quebec Class.
“We are really pleased to have institutional investor Maple Leaf
Funds as a shareholder of our company. This financing, done at a
significant premium to our current market price, will allow us to
advance the Angliers nickel project in Western Quebec” stated
Company President & CEO Gregory Beischer.
Two million shares were sold at a price of $0.50 per share to
raise gross proceeds of $1,000,000. The proceeds will be used for
exploration activities on the Angliers project in Quebec. In
connection with the financing, finder’s fees consisting of 179,487
AEMC shares have been issued to Red Cloud Securities Inc. and
140,000 finders warrants were issued to Red Cloud Mining Capital.
The securities issued in the financing are subject to a hold period
expiring on April 28, 2024.
The financing is subject to final acceptance by the TSX Venture
Exchange.
For additional information, please visit:
https://alaskaenergymetals.com/
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. The Nikolai Nickel
Project, located in Interior 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 for the American market. Additionally, the
Company is advancing exploration on the Angliers Nickel Project in
Western Quebec.
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
Sarah Mawji, Public RelationsFinal Edit Media and Public
Relations Email: sarah@finaleditpr.com
Some statements in this news release may contain forward-looking
information (within the meaning of Canadian securities
legislation), including, without limitation, that the TSX Venture
Exchange will give final acceptance for the financing and that we
will use the proceeds from the financing for exploration on the
Angliers property in Quebec. 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 guaranteeing 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.
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