Archer Exploration to Resume Trading on the Canadian Securities Exchange
Archer Exploration to Resume Trading on the Canadian Securities Exchange
VANCOUVER, BC, November 28, 2022 – Archer Exploration Corp. (CSE: RCHR) (the “ Company” or
“Archer”) is pleased to announce that, as set out in the bulletin of the Canadian Securities Exchange (the
“CSE“) on November 28, 2022, its common shares will resume trading on Tuesday, November 29, 2022.
The trading halt was imposed by the CSE, in connection with the Company’s announcement on July 13,
2022 that it had signed a definitive asset purchase agreement (the “ Asset Purchase Agreement ”),
between the Company and Wallbridge Mining Company Limited (TSX: WM) (“Wallbridge”).
On November 18, 2022, the Company announced that it had completed the acquisition of all of the nickel
assets, rights, and obligations from Wallbridge, including proceeds of approximately $2.65 million from
the sale of shares that Wallbridge held in Lonmin Canada Inc. (the “Loncan Proceeds”). In addition to the
Loncan Proceeds and pursuant to the Asset Purchase Agreement , the Company also closed its brokered
private placement for gross proceeds of approximately $10.2 million. For further details regarding the
Wallbridge transaction, Loncan Proceeds and brokered private placement, please refer to the Company’s
news release dated November 18, 2022.
The Company announced on November 8, 2022, the completion of a consolidation (the "Consolidation")
of the common shares of Archer (the “Common Shares”) on the basis of one post-Consolidation Common
Share for every three Common Shares issued and outstanding immediately prior to the Consolidation.
About Archer
Archer Exploration is a Ni -Cu-Co-PGE focused exploration and development company headquartered in
Vancouver, Canada. The Company’s flagship and core asset is the Grasset Project, located within the
Abitibi greenstone belt approximately 55 kilometres west -northwest of Matagami Quebec. In addition,
the Company holds an extensive portfolio of 37 properties comprised of 309 square kilometres within 807
mining titles in the world -class mining district of Sudbury. The Company’s growth strategy is focused on
the exploration and development of its nickel sulphide properties within its portfolio, as well as other
battery metal assets it may acquire that fit its strategic criteria. Archer’s vision is to be a responsible nickel
sulphide developer in stable pro -mining jurisdictions. Archer is committed to socially responsible
exploration and development, working safely, ethically, and with integrity.
Archer is backed by Inventa Capital Corp., a Vancouver-based merchant bank founded in 2017 with the
goal of discovering and funding opportunities in the resource sector. The common shares of Archer are
listed on the CSE (symbol RCHR). Additional information about the Company is available on SEDAR
(www.sedar.com) and on the Company’s website (www.archerexploration.com).
For more information, please contact:
Tom Meyer
President and Chief Executive Officer
Tel: (604) 364-2215
2
Email: [email protected]
Cautionary Note Regarding Forward-Looking Statements
Neither the CSE nor its Market Regulator (as that term is defined in policies of the CSE) accepts
responsibility for the adequacy or accuracy of this release.
The information contained herein contains “forward-looking statements ” within the meaning of
applicable securities legislation. “Forward-looking information” includes, but is not limited to, statements
with respect to the activities, events or developments that Archer expects or anticipates will or may occur
in the future. Generally, but not always, forward-looking information and statements can be identified by
the use of words such as “plans”, “expects”, “is expected ”, “budget”, “scheduled”, “estimates”,
“forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of
such words and phrases or state ments that certain actions, events or results “may”, “could”, “would”,
“might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.
Such forward-looking information and statements are based on numerous assumptions, including among
others, that the results of planned exploration activities are as anticipated, the anticipated cost of planned
exploration activities, that general business and economic conditions will not change in a material adverse
manner, that financing will be available if and when needed and on reasonable terms, that third party
contractors, equipment and supplies and governmental and other approvals required to conduct Archer’s
planned exploration activities will be available on reasonable terms and in a timely manner. Although the
assumptions made by Archer in providing forward -looking information or making forward -looking
statements are considered reasonable by management at t he time, there can be no assurance that such
assumptions will prove to be accurate.
By their nature, forward -looking statements involve known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or achievements , or other future events, to be
materially different from any future results, performance or achievements expressed or implied by such
forward-looking statements. Such factors and r isks include, among others: risks associated with the
conduct of the Compan y's mining activities; regulatory, consent or permitting delays; risks relating to
reliance on the Company's management team and outside contractors; risks relating to project financing
and equity issuances; risks and unknowns inherent in all mining projec ts; laws and regulations governing
the environment, health and safety; the ability of the communities in which the Company operates to
manage and cope with the implications of COVID -19; the economic and financial implications of COVID -
19 to the Company; operating or technical difficulties in connection with mining or development activities;
employee relations, labour unrest or unavailability; the Company's interactions with surrounding
communities; the Company's ability to successfully integrate acquired as sets; the speculative nature of
exploration and development; stock market volatility; conflicts of interest among certain directors and
officers; lack of liquidity for shareholders of the Company; litigation risk; the ongoing military conflict in
Ukraine; general economic factors (including inflationary pressure); the price of commodities; and the
factors identified under the caption "Risk Factors" in the Company’s public disclosure documents.
The forward-looking information contained in this news release represents the expectations of Archer as
of the date of this news release and, accordingly, is subject to change after such date. Readers should not
place undue importance on forward-looking information and should not rely upon this information as of
any other date. Archer does not undertake any obligation to update these forward-looking statements in
the event that management’s beliefs, estimates or opinions, or other factors, should change.