Alaska Energy Metals Announces Automatic Conversion of Special Warrants
02 May 2024 - 2:15AM
Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF)
(“AEMC” or the “Company”) has announced that it has filed a
prospectus supplement dated April 30, 2024 (the “Prospectus
Supplement”) to its short form base shelf prospectus dated April
19, 2024 (the “Shelf Prospectus”) to qualify the distribution of
securities underlying 2,500,000 special warrants (the “Special
Warrants”) issued by the Company on February 8, 2024 (the
“Offering”).
The Prospectus Supplement qualifies the
distribution of 2,500,000 common shares (each a “Common Share”) and
1,250,000 common share purchase warrants (each a “Warrant”)
comprising the units of the Company issuable on the exercise or
deemed exercise of the Special Warrants in the Provinces of British
Columbia, Ontario and Nova Scotia. Each Warrant entitles the holder
thereof to acquire one Common Share at an exercise price of $0.80
until 4:00 p.m. (Pacific Time) on the date that is 24 months
following the date of issuance of the Warrants. The Prospectus
Supplement also qualifies the distribution of 30,000 Common Shares
upon the deemed exercise of 30,000 broker special warrants (each, a
“Broker Special Warrant”) issued in connection with the
Offering.
No action is required on the part of any holder
of Special Warrants or Broker Special Warrants to convert their
Special Warrants into underlying securities.
The qualification rights of holders of Special
Warrants are further described in the Prospectus Supplement and the
Shelf Prospectus, which can be found under the Company’s profile on
SEDAR+ at www.sedarplus.ca.
Access to the Shelf Prospectus and the
Prospectus Supplement, and any amendment to the documents, is
provided in accordance with securities legislation relating to
procedures for providing access to a shelf prospectus supplement, a
base shelf prospectus and any amendment. The Shelf Prospectus and
the Prospectus Supplement are accessible on SEDAR+ at
www.sedarplus.ca. An electronic or paper copy of the Prospectus
Supplement, the corresponding Shelf Prospectus and any amendment to
the documents may be obtained, without charge, from the Company at
Suite 1000 – 355 Burrard Street, Vancouver, BC, V6C 2G8, by email
at info@alaskaenergymetals.com and by providing the contact with an
email address or address, as applicable.
The securities being referred to in this news
release have not been, nor will they be, registered under the
United States Securities Act of 1933, as amended, and may not be
offered or sold in the U.S. or to, or for the account or benefit
of, U.S. persons absent registration or an applicable exemption
from the registration requirements. This news release does not
constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of the securities in any jurisdiction
in which such offer, solicitation or sale would be unlawful.
For additional information, visit:
https://alaskaenergymetals.com/
ABOUT ALASKA ENERGY METALSAlaska Energy Metals
Corporation (AEMC) 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 financial capital. AEMC
works every day to earn and maintain the respect and confidence of
the public and believes that ESG performance is measured by action
and led from the top.
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 RelationsVenture
StrategiesEmail: sarah@venturestrategies.com
Some statements in this news release may contain forward-looking
information (within the meaning of Canadian securities
legislation), including, without limitation, that the Company
execute further drilling in 2024. 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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