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Surface Metals Inc. — Capital/Financing Update 2023
Sep 6, 2023
47518_rns_2023-09-06_d7b6a446-86d6-4d13-84b2-e252d0ec1de0.pdf
Capital/Financing Update
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FORM 51-102F3
MATERIAL CHANGE REPORT
Item 1. Name and Address of Company ACME Lithium Inc. 318 - 1199 W Pender Street Vancouver, British Columbia V6E 2R1 Item 2.
Date of Material Change
September 6, 2023
Item 3.
News Release
The news release was disseminated through Newsfile Corp. on September 6th, 2023
Item 4. Summary of Material Change
The Company announced its intention to complete a non-brokered private placement of up to 9,000,000 Units of the Company for gross aggregate proceeds of up to CDN$1,350,000.
Item 5. Full Description of Material Change 5.1 Full Description of Material Change See Schedule “A” attached hereto 5.2 Disclosure for Restructuring Transactions Not applicable. Item 6.
Disclosure for Restructuring Transactions Not
Reliance on Subsection 7.1(2) of National Instrument 51-102 Not applicable.
Item 7.
Omitted Information
None.
Item 8. Executive Officer
Contact: Stephen Hanson Title: Director, Chief Executive Officer and President Telephone: (604) 564-9045 Email: [email protected]
Item 9. Date of report September 6, 2023
Schedule "A"
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NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES
ACME Lithium Announces Non-Brokered Private Placement
– – Vancouver, BC September 6, 2023 ACME Lithium Inc. ( CSE: ACME ) (OTCQX: ACLHF) (the "Company", or “ACME”) announced today a non-brokered private placement financing of up to 9 ,000,000 units (the “Units”) at $0. 15 CAD per Unit for aggregate gross proceeds of up to $1,350 ,000 CAD (the “Offering”). Each Unit will be comprised of one (1 ) common share and one-half of one (1/2) transferable common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of $0.30 CAD for two (2) years from closing of the Offering.
The Company m ay pay a cash finder’s fee of up to 7% of the gross proceeds raised under the Offering, at the discretion of the Company.
The Issuer intends to use the proceeds of the Offering to fund the advancement and maintenance of its lithium projects in Nevada, Manitoba, and Saskatchewan, as well as for general working capital purposes.
All securities that are issued pursuant to the Offering will be subject to, among other things, a hold period of four months and one day in accordance with applicable Canadian securities laws.
About ACME Lithium Inc.
Led by an experienced team, ACME Lithium is a mineral exploration Company focused on acquiring, exploring, and developing battery metal projects in partnership with leading technology and commodity companies. ACME has acquired or is under option to acquire a 100-per-cent interest in projects located in Clayton Valley and Fish Lake Valley, Esmeralda County Nevada, at Shatford, Birse, and Cat-Euclid Lakes in southeastern Manitoba, and at Bailey Lake in northern Saskatchewan.
On behalf of the Board of Directors
Steve Hanson
Chief Executive Officer, President and Director Telephone: (604) 564-9045
For Investor Inquiries Anthony Simone Simone Capital Telephone: (416) 881-5154 [email protected]
Neither the CSE nor its regulations service providers accept responsibility for the adequacy or accuracy of this news release.
This news release contains forward-looking information within the meaning of applicable securities laws ("forward-looking statements"), including raising funds under the Offering, the payment of finder’s fees, and the use of proceeds from the Offering. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors. There is no assurance the Company will be successful in raising any or all of the Offering, or that the proceeds therefrom will be used in the manner outlined above. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.