AC/DC Battery Metals Closes $2,000,000 Private Placement and Announces Commencement of Trading on the TSX Venture Exchange – ACDC Battery Metals
Summary
We set out on this journey many months ago, and fulfilled a commitment to our Grid Battery Metals shareholders to offer a valuable share dividend as we spun out the AC/DC subsidiary. We are looking forward to creating more shareholder value and to the future success of AC/DC on the TSXV.The Company also paid finder fees in the amount of $25,500 cash, 2,471,000 shares and 510,000 warrants in connection with the private placement. No new insiders and no control persons were created in connection with the private placement.AC/DC announces that further to its news release dated June 24, 2024, it has granted stock options to its directors, officers, and consultants to purchase an aggregate of 5,180,000 common shares in the capital of the Company. All stock options are granted in accordance with the terms of the Companys Stock Option Plan and the policies of the TSX Venture Exchange and are subject to a four month and a day hold period expiring on November 4, 2024.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. 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.