AC/DC Battery Metals Closes $2,000,000 Private Placement and Announces Commencement of Trading on the TSX Venture Exchange
Summary
We set out on this journey many months ago,and fulfilled a commitment to our Grid Battery Metals shareholders tooffer a valuable share dividend as we spun out the AC/DC subsidiary. No new insiders and no control persons were created in connectionwith 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, andconsultants to purchase an aggregate of 5,180,000 common shares in thecapital of the Company. All stockoptions are granted in accordance with the terms of the CompanysStock Option Plan and the policies of the TSX Venture Exchange and aresubject to a four month and a day hold period expiring on November 4,2024.The Mount SidneyWilliams Group consists of three claim blocks with a total area of10,569 hectares in the area surrounding Mount Sidney Williams, bothadjoining and near the Decar project of FPX Nickel Corp., located 100kilometres northwest of Fort St. James, B.C., in the Omineca miningdivision. The Mitchell Range Group area claim consists of one claimblock covering 8,659 hectares with demonstrated metallicmineralization including nickel, cobalt, and chromium. Except for statements ofhistorical facts, commentsthat address resource potential, upcoming work programs, geologicalinterpretations, receipt and security of mineral property titles, availability of funds, andothers are forward-looking.