Alaska Energy Metals Announces Increase to Brokered Private Placement and a Sidecar Financing
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: 23-0X
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ALASKA ENERGY METALS
ANNOUNCES INCREASE TO BROKERED PRIVATE
PLACEMENT AND A SIDECAR FINANCING
Not for Distribution to United States Newswire Services or for dissemination in the United States
VANCOUVER, BRITISH COLUMBIA, July 19, 2023 – Alaska Energy Metals Corporation (TSX-
V: AEMC, OTCQB: AKEMF) (“Alaska Energy Metals” or the “Company”) reports that the
brokered private placement announced in its news release of July 6, 2023 (“Brokered Private
Placement”) has been increased to 21,250,000 units (the “Units”) at a price of $0.40 per Unit, for
gross proceeds of up to $8,500,000. Each Unit will consist 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 will entitle the holder thereof to purchase an
additional Common Share (each, a “Warrant Share”) at a price of $0.80 for a term of two (2) years
from the date of issuance. The Company engaged 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”), to raise a minimum of $4,000,000 on a commercially reasonable best efforts
basis. Under the amended engagement letter with Emerging Equities the syndicate may raise up
to $8,500,000 on a commercially reasonable best efforts basis.
A portion or all of the Brokered Private Placement may be completed pursuant to Multilateral CSA
Notice 45-313 – Prospectus Exemption for Distributions to Existing Security Holders (“CSA 45-
313”) and the corresponding blanket orders and rules implementing CSA 45 -313 in the
participating jurisdictions in respect thereof (collectively with CSA 45-313, the “Existing Security
Holder Exemption”). As at the date hereof, the Existing Security Holder Exemption is available in
each of the offering jurisdictions (being, British Columbia, Alberta, Ontario and Saskatchewan)
(the “Offering Jurisdictions”). Subject to applicable securities laws, the Company will permit
each person or company who, as of July 14, 2023 (being the record date set by the Company
pursuant to CSA 45-313), holds Common Shares as of that date to subscribe for up to $15,000
(or 37,500 Units) in Units that will be distributed pursuant to the Brokered Private Placement,
provided that the Existing Security Holder Exemption is available to such person or company.
Qualifying shareholders who wish to participate in the Brokered Private Placement should contact
the Company at the contact information set forth below.
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
Announces Increase to Brokered Private
Placement and a Sidecar Financing
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In addition to the Existing Security Holder Exemption, a portion or all of the Brokered Private
Placement may be completed pursuant to Multilateral CSA Notice 45 -318 – Prospectus
Exemption for Certain Distributions through an Investment Dealer (“ CSA 45-318”) and the
corresponding blanket orders and rule implementing CSA 45- 318 in the participating jurisdictions
in respect thereof (collectively with CSA 45-318, the “Investment Dealer Exemption”). As at the
date hereof, of the Offering Jurisdictions, the Investment Dealer Exemption is available in each of
British Columbia, Alberta and Saskatchewan. Pursuant to CSA 45-318, each subscriber relying
on the Investment Dealer Exemption must obtain advice regarding the suitability of the investment
from a registered investment dealer.
In accordance with the Investment Dealer Exemption, the Company advises that there is no
material fact or material change of the Company that has not been disclosed.
The Company also announces a concurrent non-brokered private placement to raise gross
proceeds of up to $1,000,000 by the issuance of up to 2,500,000 Units (the “Non-Brokered
Private Placement, and with the Brokered Private Placement, the “Offerings”). The Non-
Brokered Private Placement shall be on the same terms as the Brokered Private Placement. Units
will be sold at a price of $0.40 per Unit. Each Unit will consist of one Common Share in the capital
of the Company and one-half of one Warrant. Each Warrant will entitle the holder thereof to
purchase a Warrant Share at an exercise price of $0.80, for a term of two (2) years from the date
of issuance. Insiders may participate in the Non-Brokered Private Placement.
Assuming the Offerings are fully subscribed, the Company intends to allocate the net proceeds
as follows: drilling at the Eureka Zone of the Nikolai project in Alaska ($4,500,000), metallurgical
studies ($500,000), marketing ($1,500,000), property acquisitions ($1,000,000) and the
remainder of the proceeds will be used towards general corporate purposes. Actual allocation of
the net proceeds may vary from the foregoing and if the Offering is not fully subscribed, the
Company may allocate the net proceeds of the Offerings in such priority and proportions as the
board of directors or management of the Company determines is in the best interests of the
Company.
The securities issued pursuant to the Offerings will be subject to a four-month hold period from
the date of issuance. Completion of the Offerings remain subject to the receipt of all necessary
regulatory approvals, including the approval of the TSX Venture Exchange.
It is anticipated that the Offerings will close on or about July 26, 2023.
About Alaska Energy Metals
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
Announces Increase to Brokered Private
Placement and a Sidecar Financing
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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 completion of the
Offerings and the intended use of proceeds therefrom. 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
Announces Increase to Brokered Private
Placement and a Sidecar Financing
Page 4
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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 press release.
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.