AC/DC Battery Metals Inc. Receives Final Approval to List on the TSX Venture Exchange
24.06.2024 | The Newswire
Coquitlam, June 24, 2024 - AC/DC Battery Metals Inc. (the “Company” or “AC/DC”) (TSXV:ACDC) is pleased to announce that further to its news release dated June 17, 2024, the TSX Venture Exchange (“Exchange”) has approved the Company's application to list as a Tier 2 issuer on the Exchange effective at the market opening on June 27, 2024 and immediately halted. Once the Company is listed, it will then complete its previously announced financing of CAD$2,000,000. Once the Company closes the financing, AC/DC Shares will commence trading on the Exchange under the symbol "TSXV: ACDC" at the opening of market on July 8, 2024. For further details, please refer to the Form 2B - Listing Application dated June 18, 2024, available on the Company's SEDAR+ profile available at www.sedarplus.ca.
Appointment of New Management Team
Effective June 18, 2024, AC/DC’s management team is comprised of:
Tim Fernback - President & Chief Executive Officer
Robert Guanzon - Chief Financial Officer
Tina Whyte - Corporate Secretary
AC/DC’s board of directors is comprised of Tim Fernback, Robert Setter, Ryan Cheung and Andrew Gertler.
The Company announces that the National Instrument 43-101 Technical Report for the Nickel Project, dated March 6, 2024, in the Takla Lake Area, BC and prepared by Jeremy Hanson, P.Geo has been filed on SEDAR+ and available at www.sedarplus.ca.
Issuance of Stock Options
AC/DC also announces that a total of 5,180,000 stock options (the "Options") will be granted upon closing of the above-mentioned financing. The Options will be granted to certain officers, directors, and consultants of the Company pursuant to the Company's Stock Option Plan.
The Options are each exercisable at an exercise price of $0.05 per Share for a period of five years from the date of grant. All options granted are subject to an Exchange hold period expiring 4 months and a day from the date of grant,
For further details regarding the grants outlined above, please refer to the Listing Application.
About AC/DC Battery Metals Inc.
Nickel Project, British Columbia
The Mount Sidney Williams Group consists of three claim blocks with a total area of 10,569 hectares in the area surrounding Mount Sidney Williams, both adjoining and near the Decar project of FPX Nickel Corp., located 100 kilometres northwest of Fort St. James, B.C., in the Omineca mining division. Metallic mineralization includes nickel, cobalt, and chromium. At least some of the nickel mineralization occurs as awaruite. The Mitchell Range Group area claim consists of one claim block covering 8,659 hectares with demonstrated metallic mineralization including nickel, cobalt, and chromium. Nickel cobalt mineralization has not been well explored, but the presence of awaruite has been documented. The Company owns a 100% interest in the Nickel Project.
On Behalf of the Board of Directors
“Tim Fernback”
Tim Fernback, President & CEO
Contact Information:
AC/DC Battery Metals Inc.
Email: info@acdcbatterymetals.com
Phone: 604-336-8026
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements.