African Energy Metals Inc. (TSXV: CUCO) (FSE: BC2) (OTCQB: NDENF) (WKN: A3DEJG) (“African Energy Metals” or the “Company”) makes further announcements in a news release dated 20 March. I am happy. In 2023, we announced our intention to consolidate all of our outstanding shares of common stock (“Common Stock”, “Common Stock”, respectively) into one new share of common stock for four shares of existing common stock. (the “merger”), the merger will be effective on Monday, April 10, 2023 (the “Effective Date”).
African Energy Metals common stock will begin trading under the current trading symbol ‘CUCO’ at the time of the post-consolidation open on April 10, 2023.
On the Effective Date, a transmittal letter will be mailed to all registered shareholders with share certificates with instructions on how to exchange existing share certificates for new share certificates. A copy of the cover letter is available from the company profile on SEDAR (www.sedar.com).
Our new CUSIP number is 00833F208 and our new ISIN is CA00833F2089.
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African Energy Metals is a natural resources company focused on the acquisition, exploration, development and operation of uranium, copper, cobalt and lithium energy metals projects in Africa. African Energy Metals intends to obtain additional concessions or waive concessions in the ordinary course of business. African Energy Metals has an experienced management team in DRC.
For more information, please contact:
Stephen Burley, Executive Chairman
Phone: +1-604-428-7050
Email: info@africanenergymetals.com
Website: www.africanenergymetals.com
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This news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical fact contained in this news release are forward-looking statements.
Forward-looking statements are subject to various risks and uncertainties relating to certain factors disclosed herein and elsewhere in African Energy Metals’ periodic filings with Canadian securities regulators. As used in this news release, “will”, “could”, “plan”, “estimate”, “expect”, “intend”, “could”, “could” Words such as “will,” “should,” and similar expressions are forward-looking statements.Information provided in this document is necessarily condensed May not include all material information available.
Forward-looking statements include statements regarding the ability of African Energy Metals to acquire additional interests or waive any interests in the ordinary course of business, both within and outside the DRC. African Energy Metals believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, but there can be no assurance that such expectations will be achieved. Such assumptions may prove incorrect.
Factors that could cause actual results to differ materially from expectations include: (i) possible delays due to COVID-19 restrictions; (ii) the failure of African Energy Metals’ project for technical, logistical, labor or other reasons; (iii) declines in mineral prices below those necessary to sustain the business of African energy metals; (iv) an increase in cooperation costs beyond what is necessary to maintain operations; (v) emergence of accidents, labor disputes or similar hazards; (vi) in general, the inability of African Energy Metals for any reason to formulate and implement a successful business plan;
In addition, the factors discussed or referenced in the MD&A section titled “Risks Relating to the Company’s Business” for the nine months ended September 30, 2021 and 2022 are available on SEDAR’s website. increase. www.sedar.comshould be reviewed in conjunction with the information contained in this news release.
African Energy Metals has attempted to identify important factors that could cause its actual results, performance or achievements to differ materially from those contained in the forward-looking statements, but There could be other factors that could cause actual results to differ materially from those contained in the forward-looking statements. expected, presumed, or intended. There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates regarding future developments, conditions or results will be realized. As a result of these risks and uncertainties, no assurance can be given that the events anticipated by the forward-looking information in this news release will occur or will occur. From there. Accordingly, readers should not place undue reliance on forward-looking statements.
The forward-looking statements in this news release are made as of the date of this news release and African Energy Metals does not update such information except as required by applicable law. or disclaim any intent or obligation to revise.
To view the source version of this press release, please visit: https://www.newsfilecorp.com/release/161520
