Advance United Holdings Announces Issuance of Common Shares - Aug 10, 2023
ADVANCE UNITED HOLDINGS ANNOUNCES ISSUANCE OF COMMON SHARES
Toronto, Ontario – August 10, 2023, Advance United Holdings Inc. (CSE: AUHI) (OTCQB: AUHIF) (FSE:
9I0) (the “Company” or “Advance United") announces that further to its press releases of July 26, 2022,
September 28, 2022 and June 20, 2023, the Company has issued the Optionor (as defined below) 500,000
common shares (the " Common Shares") in the capital of the Company , at a deemed price o f $0.07 per
Common Share, pursuant to an amending agreement (the “Amending Agreement”) with an arm's length
party (the “Optionor”) to amend certain payment deadlines of the original option agreement (the “Option
Agreement”) dated June 21, 2021 to acquire a 75% legal and beneficial interest in certain mineral claims
located in Melba Township in the K irkland Lake Area of Ontario . All securities issued in connection with
the Amending Agreement will be subject to a hold period of four months plus a day from the date of
issuance and the resale rules of applicable securities legislation.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities
in the United States. The securities 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 may not be
offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act
and applicable state securities laws or an exemption from such registration is available.
About Advance United Holdings
Advance United brings an entirely different approach to the mining industry. We don’t mine. Rather,
we’ve acquired a portfolio of undervalued gold properties and are increasing their value through the
application of modern technology. We have a growing pipeline of similar properties that we are looking
to acquire. And now we’ve launched the Au Marketplace. A first of its kind digital platform that connects
owners of mineral commodities and deposits with developers and producers.
We are involved exclusively in the acquisition and advancement of past projects – with no intent to bring
them back into production or to mine them ourselves. Our expertise is in identifying and acquiring
undervalued properties with significant histori cal work, which were uneconomic at the time, but we
believe have economic value at today’s prices.
We fund the development of re-working historic data and applying modern technology to underwrite new
qualified reports, document quantifiable resources and reserves to current standards, thereby recognizing
the current value.
Our purpose is to bring immediate and long-term value to our partners and shareholders while seeking
to eliminate exploration risk, so that we can all advance united in the shortest possible time frame.
For additional information about us, our projects, or to find out how you can list your project in the Au
Marketplace, visit www.advanceunited.ca.
Contact Information
James Atkinson, P. Geo., CEO
Email: [email protected]
Tel: (647) 278-7502
Forward-Looking Information and Cautionary Statements
This news release may contain “forward-looking information” within the meaning of applicable securities
laws relating to the trading of the Company’s securities and the focus of the Company’s business. Any
such forward-looking statements may be identified by words such as “expects”, “anticipates”, “intends”,
“contemplates”, “believes”, “projects”, “plans” and similar expressions. Forward -looking statements in
this news release include statements regarding the Company’s ability to increase the value of its current
and future mineral exploration properties and, in connection therewith, any long-term shareholder value,
the Company’s ability to mitigate or eliminate exploration risk, and the Company’s intention to develop a
portfolio of historic gold properties. Readers are cautioned not to place undue reliance on forward-looking
statements. These statements should not be read as guarantees of future performance or results. Such
statements involve known and unknown risks, uncertainties, and other factors that may cause actual
results, performance, or achievements to be materially different from those implied by such statements.
Although such statements are based on management’s reasonable assumptions, there can be no
assurance that the Company will continue its business as described above. Readers are encouraged to
refer to the Company’s annual and quarte rly management’s discussion and analysis and other periodic
filings made by the Company with the Canadian securities regulatory authorities under the Company’s
profile on SEDAR at www.sedar.com. The Company assumes no responsibility to update or revise forward-
looking information to reflect new events or circumstances or actual results unless required by applicable
law.