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NEWS
Appia Announces Non-Brokered Private Placement
Monday, 23rd December at 5:49 pm
Toronto, Ontario--(Newsfile Corp. - December 23, 2024) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0)(the "Company" or "Appia") is pleased to announce a non-brokered private placement of up to 4,166,666 flow-through units ("FT Units") at a price of $0.12 per FT Unit for up to $500,000 (the "Offering"). Closing of the Offering is scheduled for December 31, 2024.
Each FT Unit comprises one (1) flow-through Common Share ("FT Share") priced at $0.12 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 one (1) year from the closing of the Offering ("Closing").
Eligible finders will be paid 6% cash and be issued broker warrants equal to 6% of the number of FT Units placed by the finder. Each broker warrant issued entitles the holder to acquire one (1) common share of the Company at a price of $0.15 until two (2) years from Closing.
The gross proceeds from the FT Offering will be used for Canadian Exploration Expenses (within the meaning of the Income Tax Act (Canada) (the "Tax Act")) which qualify as a "flow-through critical mineral mining expenditure" for purposes of the Tax Act related to the exploration program of the Company to be conducted on the Company's properties located in Saskatchewan. The Company will renounce such Canadian Exploration Expenses with an effective date of no later than December 31, 2024. The Canadian Exploration Expenses to be renounced by the Company will qualify for the critical mineral exploration tax credit under the Tax Act.
Monday, 23rd December at 5:49 pm
Toronto, Ontario--(Newsfile Corp. - December 23, 2024) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0)(the "Company" or "Appia") is pleased to announce a non-brokered private placement of up to 4,166,666 flow-through units ("FT Units") at a price of $0.12 per FT Unit for up to $500,000 (the "Offering"). Closing of the Offering is scheduled for December 31, 2024.
Each FT Unit comprises one (1) flow-through Common Share ("FT Share") priced at $0.12 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 one (1) year from the closing of the Offering ("Closing").
Eligible finders will be paid 6% cash and be issued broker warrants equal to 6% of the number of FT Units placed by the finder. Each broker warrant issued entitles the holder to acquire one (1) common share of the Company at a price of $0.15 until two (2) years from Closing.
The gross proceeds from the FT Offering will be used for Canadian Exploration Expenses (within the meaning of the Income Tax Act (Canada) (the "Tax Act")) which qualify as a "flow-through critical mineral mining expenditure" for purposes of the Tax Act related to the exploration program of the Company to be conducted on the Company's properties located in Saskatchewan. The Company will renounce such Canadian Exploration Expenses with an effective date of no later than December 31, 2024. The Canadian Exploration Expenses to be renounced by the Company will qualify for the critical mineral exploration tax credit under the Tax Act.
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