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Alaska Energy Metals Announces Closing of Side Car Unit Offering
VANCOUVER, British Columbia, July 11, 2024 (GLOBE NEWSWIRE) -- Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) is pleased
About this update from Alaska Energy Metals Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, July 11, 2024 (GLOBE NEWSWIRE) -- Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) is pleased to announce the closing of the previously announced side car offering of 2,275,000 units (the “Units”) of the Company issued at the price of $0.15 per Unit for gross proceeds of $341,250 (the “Offering”). Each Unit consists of one common share of the Company (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant shall entitle the holder thereof to acquire one Share at a price of $0.20 per Share for a period of three years following the date of issue. The Company paid aggregate cash finder’s fees of approximately $23,887 to a certain finder, being 7% of the gross proceeds raised by such finder. As additional compensation the Company issued an aggregate of 159,250 non-transferable broker warrants (each a “Broker Warrant”) to such finder. Each Broker Warrant is exercisable for one Share at the exercise price of $0.20 for a period of three years. The net proceeds from the Offering will be used for Canwell prospect drilling at the Nikolai Nickel Project in Alaska, metallurgical studies, working capital, and marketing purposes. The securities issued under the Offering are subject to a four-month hold period expiring November 12, 2024, in accordance with securities laws. For additional information, visit: https://alaskaenergymetals.com/ About Alaska Energy Metals Alaska Energy Metals Corporation is an Alaska-based corporation with offices in Anchorage and Vancouver working to sustainably deliver the critical materials needed for national security and a bright energy future, while generating superior returns for shareholders. AEMC is focused on delineating and developing the large-scale, bulk tonnage, polymetallic Eureka deposit containing nickel, copper, cobalt, chromium, iron, platinum, palladium, and gold. Located in Interior Alaska near existing transportation and power infrastructure, its flagship project, Nikolai, is well-situated to become a significant domestic source of strategic energy-related metals for North America. AEMC also holds a secondary project, ‘Angliers-Belleterre,’ in western Quebec. Today, material sourcing demands excellence in environmental performance, carbon mitigation, and the responsible management of human and financia...