Business
Appia Announces First Closing of Non-Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - June 24, 2025) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is pleased to announce that, further to its Press Release of June 17, 2025, it has closed the first tranche of a non-brokered private placement with the issuance of 10,793,750 working capital units (the "WC Units") of the Company at a price of $0.08 per WC ...
About this update from Appia Rare Earths & Uranium Corp
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - June 24, 2025) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is pleased to announce that, further to its Press Release of June 17, 2025, it has closed the first tranche of a non-brokered private placement with the issuance of 10,793,750 working capital units (the "WC Units") of the Company at a price of $0.08 per WC Unit for $863,500 (the "WC Offering") and 2,428,947 critical mineral flow-through units ("FT Units") at a price of $0.095 per FT Unit for $230,749.97 (the "FT Offering" and together with the WC Offering the "Offering") for total gross proceeds of $1,094,249.97, an increase of $89,250 from the original announcement of the Offering.","length":839,"tagName":"p"},{"type":"text","content":"Each WC Unit consists of one (1) common share of the Company priced at $0.08 per common share and one (1) common share purchase warrant (a "WC Warrant"). Each WC Warrant entitles the holder to purchase one (1) common share (a "WC Warrant Share") at a price of $0.15 until the earlier of (i) two (2) years from the closing of the Offering (the "Closing"); and (ii) in the event that the closing price of the Common Shares on the Canadian Securities Exchange is at least $0.25 for ten (10) consecutive trading days, and the 10th trading day (the "Final Trading Day") is at least four (4) months from the Closing, the date which is thirty (30) days from the Final Trading Day (the "Trigger Date").","length":744,"tagName":"p"},{"type":"text","content":"Each FT Unit consists of one (1) flow-through Common Share ("FT Share") priced at $0.095 per FT Share and one (1) common share purchase warrant (a "Warrant") with each Warrant entitling the holder to acquire one (1) common share of the Company (a "Warrant Share") at a price of $0.15 until the earlier of (i) two (2) years from Closing; and (ii) the Trigger Date.","length":393,"tagName":"p"},{"type":"text","content":"One insider subscribed for 1,652,631 FT Units for proceeds of $156,999.95 and one insider subscribed for 50,000 WC Units for proceeds of $4000. The insider private placements are exempt from the valuation and minority sharehol...