Athabasca Minerals Inc. Announces Non-Brokered Private Placement
Edmonton, Alberta–(Newsfile Corp. – January 17, 2022) – Athabasca Minerals Inc. (TSXV: AMI) (“AMI” or the “Corporation”) announces a non-brokered private placement (the “Private Placement”) of $33,000 for the purchase of 100,000 common shares (the “Shares”) at $0.33/share.
The Private Placement has been fully subscribed by McKay Métis Group Limited Partnership (“MMG”). Proceeds from the Private Placement will be used to fund operating costs for the new partnership, Métis North Sand & Gravel, and for general corporate expenses.
Robert Beekhuizen, AMI’s Chief Executive Officer, states, “We are excited about our partnership with MMG. We have a very progressive working relationship, and our combined strengths are going to contribute to an exciting future for Métis North Sand & Gravel with long-term benefits for the Fort McKay Métis Nation. MMG’s investment in AMI is an honour that we truly value.”
All securities issued in connection with the Private Placement will be subject to a statutory four-month and one-day hold period under applicable Canadian securities laws. The Private Placement remains subject to receipt of all necessary regulatory and other approvals, including the final approval of the TSX Venture Exchange. Any securities issued have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S Securities Act and applicable state securities laws or an exemption from such registration is available.
ABOUT ATHABASCA MINERALS INC.
Athabasca Minerals is an integrated group of companies capable of full life-cycle development and supply of aggregates and industrial minerals. The Corporation is comprised of the following business units: AMI Aggregates, with aggregates from its corporate pits and which manages the Coffey Lake Public Pit for the Government of Alberta; Métis North Sand & Gravel which is a strategic partnership with the McKay Métis Group to deliver aggregates to the energy, infrastructure, and construction sectors in the Wood Buffalo region; AMI Silica, with resource holdings and business interests in Alberta, North-East BC, and the United States; AMI RockChain, a technology-enabled business using its proprietary RockChain™ digital platform, automated supply-chain and logistics solutions, quality-assurance & safety programs to deliver products across Canada; and TerraShift Engineering which conducts resource exploration, regulatory, mining, environmental and reclamation engineering for a growing nation-wide customer base and is also the developer of its proprietary TerraMaps™ software.
For further information, please contact:
- Cheryl Grue, Director, Corporate Affairs
Tel: 587-392-5862 / Email: [email protected]