Appia accelerates expiry of 2017 warrants to April 8
2021-03-09 12:36 ET – News Release
Mr. Tom Drivas reports
APPIA ANNOUNCES ACCELERATION OF EXPIRY DATE OF 2017 WARRANTS TO APRIL 8, 2021
Expiry dates of the remaining 5.13 million Appia Energy Corp. warrants exercisable at 30 cents issued pursuant to the private placements that closed on Jan. 20, 2017, and Jan. 30, 2017 (see press releases dated Jan. 23, 2017, and Jan. 27, 2017), have been accelerated to the earlier of Jan. 20 and Jan. 30, 2022, to April 8, 2021, as a result of the fact that the company’s common shares closed at a price of at least 60 cents for 20 consecutive trading days as of March 8, 2021. The remaining 2017 Warrants will expire if they are not exercised by April 8, 2021.
The Company is fully funded and committed to completing the largest exploration and diamond drilling program to date during the summer months of 2021. In excess of 5,000 metres is expected to be drilled at Alces Lake this summer.
About Appia
Appia is a Canadian public-listed company in the rare earth element and uranium sectors. The Company is currently focusing on delineating high-grade critical rare earth elements (“REE”) 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 65,601 hectares (162,104 acres) in Saskatchewan.
The Company also has a 100% interest (subject to a 1% Uranium Production Payment Royalty and a 1% Net Smelter Return Royalty on any precious or base metals payable, provided that the price of uranium is greater than US$130 per pound) in 12,545 hectares (31,000 acres), with rare earth element and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario. The Camp historically produced over 300 million pounds of U3O8 and is the only Canadian camp that has had significant rare earth element (yttrium) production. The deposits are largely unconstrained along strike and down dip.
We seek Safe Harbor.
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