Oct. 17 at 3:49 AM
$AKEMF Alaska Energy Metals (OTCQB:AKEMF, TSXV:AEMC) announced a debt-for-equity settlement and an update to its at-the-market (ATM) equity program.
The company agreed to issue 952,000 common shares at a deemed price of
$0.10 per share to settle
$95,200 of debt owed to certain insiders, subject to TSX Venture Exchange approval and a statutory four-month hold.
During the fiscal quarter ended September 30, 2025 the company sold 2,249,500 shares under its ATM at an average price of
$0.0906, generating gross proceeds of
$203,852.50 with
$6,844.43 in commissions. Proceeds are designated for metallurgical studies, an options assessment for mining scenarios, and general corporate purposes.
Positive,
Debt settlement converts
$95,200 into 952,000 shares
ATM sales raised gross proceeds of
$203,852.50
ATM average sale price of
$0.0906 per share
Proceeds earmarked for metallurgical studies and mining assessment
