Alaska Energy Metals Corporation (OTC:AKEMF) Stock In Focus After Latest News
As another trading week begins, investors are going to concentrate on those companies that may have entered the news cycle last Friday. There were a number of companies that had managed to come into focus following key announcements, and one of those was Alaska Energy Metals Corporation (OTC:AKEMF).
On December 8, the company came into focus after it announced that it had made plans to have a non-brokered private placement of flow through common shares for the price of $0.50 each and raise gross proceeds to the tune of $1,000,000. However, the private placement would only go ahead if it was accepted by the TSX Venture Exchange. The proceeds from the offerings would be used by the company to finance exploration work at the Angliers project. In the news release, it was also noted that a finder’s fee will also be paid by Alaska Energy Metals in connection with the placement.
The company also noted that the TSX Venture Exchange had also published its bulletin related to its final approval for the acquisition of 141 BC’s owner in an arm’s length transaction. The assets of the acquisition target were comprised of the Angliers-Belleterre nickel-copper project in Quebec and around $2.8 million in cash. On November 24, Alaska Energy Metals announced that it had completed the acquisition of 141 BC by way of a share exchange agreement on November 7, 2023.
The agreement had been reached between 141 BC, the company, and the security holders of 141 BC. In order to facilitate the transaction, the company issued as many as 31827720 common shares for the deemed price of $0.315 and a total of 4105958 Alaska Energy Metals warrants. The warrants could be exercised by the holders for a period of two years from the day of issuance.
