African Energy Metals Announces Completion of Consolidation
African Energy Metals Inc. Suite 401, 750 West Pender Street, Vancouver, B.C., Canada, V6C 2T7 1
AFRICAN ENERGY METALS ANNOUNCES COMPLETION OF CONSOLIDATION
Vancouver, British Columbia - (April 6, 2023) – African Energy Metals Inc. (TSXV: CUCO; FSE:
BC2; OTCQB: NDENF; WKN: A3DEJG) (“ African Energy Metals” or the “Company ”) is pleased
to announce further to its news release dated March 20, 2023, announcing the Company’s intention
to consolidate all of its issued and outstanding co mmon shares (each, a “ Common Share ”, the
“Common Shares ”) on the basis of four (4) existing Common Shares for one (1) new Common
Share (the “ Consolidation ”), the Consolidation will be effective Monday Apri l 10, 2023 (the
“Effective Date ”).
African Energy Metals’ Common Shares will commence trading under the current trading symbol
“CUCO” at the opening of trading on April 10, 2023 on a post-consolidated basis.
On the Effective Date, letters of transmittal will be mailed to all registered shareholders holding share
certificates with instructions on how to exchange existing share certificates for new share certificates
and a copy of the letter will be available under the Company’s profile on SEDAR (www.sedar.com ).
The Company’s new CUSIP number is 00833F208 and its new ISIN is CA00833F2089.
About African Energy Metals
African Energy Metals is a natural resource company with a focus on the acquisition, exploration,
development, and operation of uranium, copper, coba lt, and lithium energy metals projects in
Africa. African Energy Metals has the intention of acquiring interests in additional concessions or
relinquishing concessions in the normal course of b usiness. African Energy Metals has an
experienced management team located in the DRC.
For further information, please contact:
Stephen Barley, Executive Chairman
Phone: +1-604-428-7050
Email: [email protected]
Website: www.africanenergymetals.com
Reader Advisory
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking infor mation within the meaning of applicable securities laws. All
information and statements other than statements of current or historical facts contained in this news release are forward-
looking information.
African Energy Metals Inc. Suite 401, 750 West Pender Street, Vancouver, B.C., Canada, V6C 2T7 2
Forward-looking statements are subject to various r isks and uncertainties concerning the specific fact ors disclosed here
and elsewhere in African Energy Metals’ periodic fi lings with Canadian securities regulators. When use d in this news
release, words such as "will", "could", "plan", "es timate", "expect", "intend", "may", "potential", "s hould," and similar
expressions, are forward- looking statements. Information provided in this document is necessarily summarized
and may not contain all available material information.
Forward-looking statements include those in relatio n to African Energy Metals’ ability to acquire addi tional interests in
concessions or relinquishing concessions in the normal course of business both in and outside of the DRC. Although African
Energy Metals believes the expectations reflected in such forward-looking statements are based on reasonable assumptions,
it can’t make any assurances that its expectations will be achieved. Such assumptions may prove incorrect.
Factors that could cause actual results to differ materially from expectations include (i) potential delays due to COVID-19
restrictions; (ii) the failure of African Energy Metals’ projects, for technical, logistical, labour-relations, or other reasons;
(iii) a decrease in the price of minerals below what is necessary to sustain the African Energy Metals’ operations; (iv) an
increase in the cooperating costs above what is nec essary to sustain its operations; (v) accidents, la bour disputes, or the
materialization of similar risks; (vi) generally, A frican Energy Metals’ inability to develop and impl ement its successful
business plans for any reason.
In addition, the factors described or referred to i n the section entitled “Risks Related to the Compan y’s Business” in the
MD&A for the nine months ended September 30, 2022 a nd 2021, of African Energy Metals, which is availab le on the
SEDAR website at www.sedar.com, should be reviewed in conjunction with the information found in this news release.
Although African Energy Metals has attempted to identify important factors that could cause actual results, performance,
or achievements to differ materially from those con tained in the forward- looking statements, there ca n be other factors
that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance
that such information will prove to be accurate or that management's expectations or estimates of futu re developments,
circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any
events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so,
what benefits that African Energy Metals will deriv e therefrom. Accordingly, readers should not place undue reliance on
forward-looking statements.
The forward-looking statements in this news release are made as of the date of this news release, and African Energy
Metals disclaims any intention or obligation to update or revise such information, except as required by applicable law.