Appia Engages Generation IACP to Provide Market Making Services
Appia Engages Generation IACP to Provide
Market Making Services
Toronto, Ontario--(Newsfile Corp. - April 16, 2024) - Appia Rare Earths & Uranium Corp.
(CSE: API)
(OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0)
(the "
Company"
or "
Appia
") is pleased to
announce that it has engaged Generation IACP Inc. ("
IACP
") to provide services as a market maker in
compliance with the policies and guidelines of the Canadian Securities Exchange and other applicable
legislation.
IACP will receive a fee of C$7,500 plus applicable taxes per month. The agreement between the
Company and Generation is for an initial term of six (6) months and shall be automatically renewed for
subsequent six (6) month periods (collectively, the "
Term
") unless the Company provides written notice
of termination to IACP at least 30 days prior to the end of the Term or IACP provides a written notice of
termination to the Company. Commencing on the first anniversary of the agreement, the fee payable to
Generation will automatically increase annually by 3%.
No stock options or other compensation are being granted in connection with the engagement. IACP
does not currently own any securities of the Company; however, IACP and its clients may acquire an
interest in the securities of the Company in the future.
IACP is an arm's length party to the Company. IACP's market making activity will be primarily to correct
temporary imbalances in the supply and demand of the Company's shares. IACP will be responsible for
the costs it incurs in buying and selling the Company's shares, and no third party will be providing funds
or securities for the market making activities.
About Generation IACP Inc.
IACP is based in Toronto, Ontario, and is an independently held and registered broker and member of
the Investment Industry Regulatory Organization of Canada, the TSX-V, the Canadian Securities
Exchange, and the NEO Exchange, and is a Participating Organization, as such term is defined in the
rules and policies of the Toronto Stock Exchange.
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 94,982.39 hectares (234,706.59 acres) in Saskatchewan. The Company also has a
100% interest in 13,008 hectares (32,143 acres), with rare earth elements 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 (See June 9
th
, 2023 Press Release - Click
HERE
) which is
40,963.18 ha. in size and located within the Goiás State of Brazil. (See January 11
th
, 2024 Press
Release -
Click HERE
)
Appia has 136.3 million common shares outstanding, 144.5 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 more information, visit
www.appiareu.com
.
As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have
several communication portals. If you have any questions online (
X
,
,
) please feel
free to send direct messages.
To book a one-on-one 30-minute Zoom video call, please
click here
.
Contact:
Tom Drivas, CEO and Director
(c) (416) 876-3957
(e)
Stephen Burega, President
(c) (647) 515-3734
(e)
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/205641