Alaska Energy Metals Announces Closing of $6.4 Million Brokered Private Placement
ALASKA ENERGY METALS INC. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
NR: 23-09
ALASKA ENERGY METALS
ANNOUNCES CLOSING OF $6.4 MILLION BROKERED
PRIVATE PLACEMENT
Not for Distribution to United States Newswire Services or for dissemination in the United States
VANCOUVER, BRITISH COLUMBIA, July 27, 2023 – Alaska Energy Metals Corporation (TSX-
V: AEMC, OTCQB: AKEMF) (“Alaska Energy Metals” or the “Company”) is pleased to
announce that it has closed its previously announced brokered private placement of units (the
“Units”) for aggregate gross proceeds of $6,445,000 (the “Offering”). The Offering was led by
Emerging Equities Inc. as lead agent (the “Lead Agent”), on behalf of a syndicate of agents,
including Canaccord Genuity Corp., Echelon Wealth Partners, Red Cloud Securities Inc. and
Cormark Securities Inc. (together with the Lead Agent, the “Agents”).
The Company issued a total of 16,112,500 Units at a price of $0.40 per Unit. Each Unit
consisted of one common share in the capital of the Company (each, a “Common Share”) and
one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each
Warrant entitles the holder thereof to purchase an additional Common Share (each, a “Warrant
Share”) at a price of $0.80 until July 27, 2025.
The net proceeds from the Offering will be allocated as follows: drilling at the Eureka Zone of
the Nikolai project in Alaska ($3,500,000), metallurgical studies ($500,000), marketing
($1,000,000), property acquisitions ($500,000) and general corporate purposes ($465,339).
The Company may allocate the net proceeds of the Offering in such priority and proportions as
the board of directors or management of the Company determines is in the best interest of the
Company.
The Company paid the Agents a cash commission of $403,100 and issued 1,007,751
compensation options (the “Compensation Options”). Each Compensation Option entitles the
holder thereof to acquire one additional Common Shares at a price of $0.60 until July 27, 2025.
The securities issued pursuant to the Offering are subject to a four-month hold period from the
date of issuance under applicable Canadian securities laws.
ALASKA ENERGY METALS INC. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
Alaska Energy Metals Closes
Brokered Private Placement
Page 2
About Alaska Energy Metals
Alaska Energy Metals Corporation is focused on delineating and developing a large polymetallic
exploration target containing nickel, copper, cobalt, chrome, iron, platinum, palladium and gold.
Located in development-friendly central Alaska near existing transportation and power
infrastructure, the project is well-situated to become a significant, domestic source of critical and
strategic energy-related metals.
ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT:
Gregory A. Beischer, President & CEO
Toll-Free: 877-217-8978 | Local: 604-638-3164
Some statements in this news release may contain forward-looking information (within the
meaning of Canadian securities legislation), including, without limitation, the intended use of
proceeds. 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 guarantees 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.
ALASKA ENERGY METALS INC. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com
Alaska Energy Metals Closes
Brokered Private Placement
Page 3
This news release does not constitute an offer for sale, or a solicitation of an offer to buy, in the United States or to any “U.S Person”
(as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the “1933 Act”)) of any equity or other
securities of the Company. The securities of the Company have not been, and will not be, registered under the 1933 Act or under any
state securities laws and may not be offered or sold in the United States or to a U.S. Person absent registration under the 1933 Act
and applicable state securities laws or an applicable exemption therefrom.