AC/DC Battery Closes Disposition of Copper Property
AC/DC Battery Metals Inc..
3028 Quadra Court
Coquitlam, BC, V3B 5X6
604-336-8026
www.acdcbatterymetals.com
NEWS RELEASE
AC/DC Battery Closes Disposition of Copper Property
to Grid Battery Metals Inc.
Coquitlam, BC – March 17, 2025 - AC/DC Battery Metals Inc. (the “Company” or “AC/DC”) (TSXV: ACDC)
(OTC: ACDBF) announces that further to the Company’s news release dated August 29, 2024 and the
TSX Venture Exchange’s (“Exchange”) conditional acceptance letter dated October 11, 2024, the
Company has now closed the “related party” transaction subject to final Exchange approval.
The Company entered into a Purchase and Sale Agreement dated August 26, 2024 (the “Agreement”),
with Grid Battery Metals Inc. (“Grid”), whereby Grid has acquired a 100% interest in 17 mineral claims
comprising 27,525.24 hectares located in North Central British Columbia from the Company.
Pursuant to the terms of the Agreement Grid has issued 5,000,000 shares at a deemed value of $0.05
per share to the Company and paid $48,172.15 in staking costs.
Pursuant to TSXV Policy 5.9 and Multilateral Instrument 61-101 -- Protection of Minority Security
Holders in Special Transactions ("MI 61-101"), the Agreement constitutes a "related party transaction"
due to the fact that there are common officers and directors of the Company and AC/DC. The Company
relied on Section 5.5(a) of MI 61-101 for an exemption from the formal valuation requirement and
Section 5.7(1)(a) of MI 61-101 for an exemption from the minority shareholder approval requirement
of MI 61-101 as the fair market value of the transaction did not exceed 25% of the Company's market
capitalization. No new insiders will be created, nor will any change of control occur, as a result of the
Transaction.
Qualified Person
Jeremy Hanson, P.Geo., an independent qualified person as defined under National Instrument 43-101
has reviewed and approved the technical content in this news release.
About AC/DC Battery Metals Inc.
Nickel Project, British Columbia
The Mount Sidney Williams Group consists of three claim blocks with a total area of 10,569 hectares in
the area surrounding Mount Sidney Williams, both adjoining and near the Decar project of FPX Nickel
Corp., located 100 kilometres northwest of Fort St. James, B.C., in the Omineca mining division. Metallic
mineralization includes nickel, cobalt, and chromium. At least some of the nickel mineralization occurs
as awaruite. The Mitchell Range Group area claim consists of one claim block covering 8,659 hectares
with demonstrated metallic mineralization including nickel, cobalt, and chromium. Nickel cobalt
mineralization has not been well explored, but the presence of awaruite has been documented. The
Company owns a 100% interest in the Nickel Project.
On Behalf of the Board of Directors
“Tim Fernback”
Tim Fernback, President & CEO
Contact Information:
Email: [email protected]
Phone: 604-336-8026
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 release. This news release may
contain forward-looking statements which include, but are not limited to, comments that involve future events and
conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments
that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral
property titles, availability of funds, and others are forward-looking. Forward-looking statements are not
guarantees of future performance and actual results may vary materially from those statements. General business
conditions are factors that could cause actual results to vary materially from forward-looking statements.
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