- Athabasca Minerals (AMI) has announced a non-brokered private placement of C$33,000
- It will use the proceeds to fund operating costs for its new partnership, Métis North Sand & Gravel, as well as for general corporate expenses
- The partnership delivers aggregates to Alberta’s Wood Buffalo region
- Athabasca Minerals delivers full life-cycle development and supply of aggregates and industrial minerals
- Athabasca Minerals (AMI) is up by 11.76 per cent trading at $0.38 per share
Athabasca Minerals (AMI) has announced a non-brokered private placement of C$33,000.
The company will issue 100,000 shares priced at $0.33 to McKay Métis Group Limited Partnership.
It will use the proceeds to fund operating costs for its new partnership, Métis North Sand & Gravel, as well as for general corporate expenses.
Métis North Sand & Gravel is a strategic partnership with the McKay Métis Group to deliver aggregates to the energy, infrastructure and construction sectors in Alberta’s Wood Buffalo region.
“We are excited about our partnership with MMG. We have a very progressive working relationship, and our combined strengths are going to contribute to an exciting future for Métis North Sand & Gravel with long-term benefits for the Fort McKay Métis Nation,” stated Robert Beekhuizen, Athabasca Minerals’ CEO.
Athabasca Minerals delivers full life-cycle development and supply of aggregates and industrial minerals.
Athabasca Minerals (AMI) is up by 11.76 per cent trading at $0.38 per share as of 11:21 am EST.
