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Alaska Energy Metals Announces Closing of Flow -Through Unit Financing With a Single, Strategic, Institutional Subscriber for Further Exploration at Angliers - Belleterre Project, Quebec
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About this update from Alaska Energy Metals Corporation
[{"type":"text","content":"Alaska Energy Metals Announces Closing of Flow -Through Unit Financing With a Single, Strategic, Institutional Subscriber for Further Exploration at Angliers - Belleterre Project, QuebecNot for distribution to United States newswire services or for release publication, distribution, or dissemination directly, or indirectly, in whole or in part, in or into the United States. VANCOUVER, BC / ACCESS Newswire / May 26, 2025 / Alaska Energy Metals Corporation (TSXV:AEMC)(OTCQB:AKEMF) (\"AEMC\" or the \"Company\") is pleased to announce that it has closed a flow-through financing of units of the Company (the \"Units\") at a price of $0.115 per Unit, for gross proceeds of $500,020 (the \"Offering\"). Each Unit consisted of one common share of the Company that qualifies as a \"flow-through share\" for the purposes of the Income Tax Act (Canada) (an \"FT Share\") and one-half of one common share purchase warrant of the Company (each whole, a \"Warrant\"). Each whole Warrant is exercisable to purchase for one common share of the Company to be issued on a non-flow-through basis (a \"Warrant Share\") at an exercise price of $0.16 per Warrant Share for a period of 24 months after the closing date of the Offering.Upon the conditional acceptance of the TSX Venture Exchange (the \"TSXV\"), the Company closed the Offering and issued an aggregate 4,348,000 FT Shares and 2,174,000 Warrants underlying the Units sold in the Offering.The Company paid a cash fee of $35,001.40 and issued 304,360 non-transferable share purchase warrants (the \"Finder Warrants\") to arm's length finder, 3L Capital Inc., (the \"Finder\"), representing 7% of the gross proceeds and 7% of the Units arranged by the Finder under the Offering. Each Finder Warrant is exercisable to purchase one common share of the Company (the \"Finder Share\") at $0.115 per Finder Share for a period of 24 months after the closing of the Offering.The securities issued and issuable under the Offering are subject to a hold period of four months and one day following the closing date of the Offering.The net proceeds from the Offering will be used to incur \"Canadian exploration expenses\" as such term is defined under subsection 66.1(6) of the Income Tax Act (Canada) and will qualify as \"flow-through mining expenditures\" as defined in subsection 127(9) of the Income Tax Act (Canada), and \"BC flo...