Appia Announces Non-Brokered Flow-Through Private Placement
Appia Announces Non-Brokered Flow-Through
Private Placement
Toronto, Ontario--(Newsfile Corp. - December 18, 2023) -
Appia Rare Earths & Uranium Corp.
(CSE: API) (OTCQX: APAAF) (FSE: A0I0.F) (FSE: A0I0.MU) (FSE: A0I0.BE) (the "Company" or
"Appia")
is pleased to announce
a non-brokered private placement of up to 5,000,000 flow-through
shares (the "
FT Shares
") at $0.30 per FT Share for up to $1,500,000 (the "
Offering
"). The closing of
the Offering will be on or before December 29, 2023 ("Closing").
The FT Shares to be issued under the
Offering will have a hold period of four months and one day from the date of Closing.
The gross proceeds from the sale of FT Shares 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,
2023. The Canadian Exploration Expenses to be renounced by the Company will qualify for the critical
mineral exploration tax credit under the Tax Act.
Cash finder's fees will be paid to eligible finders pursuant to this Offering.
The securities described herein 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
accordingly, may not be offered or sold within the United States except in compliance with the
registration requirements of the U.S. Securities Act and applicable state securities requirements or
pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation
to buy any securities in any jurisdiction.
About Appia Rare Earths & Uranium Corp. (Appia)
Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The
Company is currently focusing on delineating high-grade critical rare earth elements and gallium on the
Alces Lake property, as well as exploring for high-grade uranium in the prolific Athabasca Basin on its
Otherside, Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to
exploration for 113,837.15 hectares (281,297.72 acres) in Saskatchewan. The Company also has a
100% interest in 12,545 hectares (31,000 acres), with rare earth element and uranium deposits over five
mineralized zones in the Elliot Lake Camp, Ontario. Lastly, the Company holds the right to acquire up to
a 70% interest in the PCH Project which is 17,551.07 ha. in size and located within the Goiás State of
Brazil. (See June 9
th
, 2023 Press Release -
Click Here
)
Appia has 131.4 million common shares outstanding, 139.3 million shares fully diluted.
Cautionary
Note Regarding Forward-Looking Statements: This News Release contains forward-
looking statements which are typically preceded by, followed by or including the words "believes",
"expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-Looking
statements are not a guarantee of future performance as they involve risks, uncertainties and
assumptions. We do not intend and do not assume any obligation to update these forward-looking
statements and shareholders are cautioned not to put undue reliance on such statements.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the
policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Tom Drivas, CEO and Director: (cell) 416-876-3957, (fax) 416-218-9772 or (email)
Stephen Burega, President: (cell) 647-515-3734 or (email)
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/191365