Appia Energy to close $602,112 private placement

Jan 2, 2019

2018-12-31 12:43 ET – News Release

Mr. Tom Drivas reports

APPIA ANNOUNCES FIRST CLOSING OF NON-BROKERED OFFERING

Appia Energy Corp. will be closing a non-brokered private placement of 2,189,500 flow-through units for gross proceeds of $602,112.50. The company will also be closing the first tranche of a non-brokered private placement of up to four million working capital units, with the sale of 1,425,000 working capital units for gross proceeds of $342,000, on Dec. 31, 2018.

Proceeds from the offering are expected to be used for drilling and exploration on the company’s Loranger and Alces Lake properties, as well as other properties in Saskatchewan.

Each flow-through unit is priced at 27.5 cents and comprises one common share and one-half of a share purchase warrant. Each full warrant entitles the holder to purchase one common share at a price of 40 cents per flow-through warrant share until 12 months from closing.

Each working capital unit is priced at 24 cents and comprises one common share and one common share purchase warrant. Each working capital warrant entitles the holder to purchase one common share at a price of 35 cents per working capital warrant share until 24 months from closing.

Eligible finders were paid cash fees totalling $60,169 and issued 175,160 flow-through broker warrants. Each flow-through broker warrant entitles the holder to acquire one common share at a price of 27.5 cents for 12 months from closing.

All securities to be issued under the first closing of the offering are subject to a statutory four-month hold period expiring on May 1, 2019. The offering will remain open until either the sale of the remaining working capital units or Jan. 15, 2019.

About Appia Energy Corp.

Appia is a Canadian publicly traded company in the uranium and rare earth element sectors. The company is currently focusing on delineating high-grade critical rare earth elements and uranium on the Alces Lake property, as well as prospecting for high-grade uranium in the prolific Athabasca basin on its Loranger, North Wollaston and Eastside properties. The company holds the surface rights to exploration for 63,980 hectares (158,098 acres) in Saskatchewan.

We seek Safe Harbor.

http://www.appiaenergy.ca/news/