Appia Energy hires Red Cloud as capital market adviser
2019-06-03 09:43 ET – News Release
Mr. Tom Drivas reports
APPIA SIGNS CAPITAL MARKETS ADVISORY AGREEMENT WITH RED CLOUD
Appia Energy Corp. has signed a capital market advisory agreement with Red Cloud Klondike Strike Inc. to provide the company with capital market advisory services.
The agreement has a minimum term of six months (Red Cloud will be paid a monthly fee of $10,000) and may be terminated at any time thereafter by giving 30 days of prior written notice. An affiliate of Red Cloud was granted 300,000 options to purchase common shares of the company at 40 cents per share for a period of three years (subject to early termination), with 100,000 options vesting immediately, 100,000 options vesting in one year and a further 100,000 options vesting in two years.
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 (REEs) 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 64,045 hectares (158,259 acres) in Saskatchewan.
The company also has a 100-per-cent interest in 13,008 hectares (32,143 acres), including rare earth element and uranium deposits over five mineralized zones, in the Elliot Lake camp in Ontario.
We seek Safe Harbor.
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