Stuart will be eligible to receive 50,000 stock options from escrow and upon the Corporation's share price trading above $0.40 for 10 consecutive trading days Mr. Upon the Corporation's share price trading above $0.30 for 10 consecutive trading days Mr. Stuart meeting strategic targets that have been pre-determined. Upon execution of the Agreement 150,000 stock options will be placed in escrow and released pending Mr. As per the terms of the Agreement, if the additional services are added the monthly retainer increases to $5,000. Stuart in key conferences and investor trips. Stuart as the primary investor relations contact for the Corporation, adding the tracking and reporting of key market data, and the participation of Mr. In addition, the Agreement allows for AMI to increase the scope of services, at its discretion, appointing Mr. The scope of these services will include communication with current and prospective shareholders, a market engagement strategy designed to introduce the Corporation to key banking and investment dealers, and supporting the Corporation on the development of external communications such as press releases, marketing materials and presentations. In addition, the Corporation will issue 75,000 stock options using the market price at close of trading on Septemof $0.185 and an additional 25,000 stock options at a price that is $0.05 above the market price at close of trading on Septemof $0.235. The Agreement may be terminated at any time, without penalty, by either party giving 30 days' notice. Under the terms of the Agreement, AMI will pay Boardmarker a monthly retainer, in the amount of $3,500, for an indefinite term. We look forward to working with Dean as we continue to introduce a more focused and aligned organization, driven by the many opportunities that we have before us." Dean has a long history with the company, dating back to 2007, with a solid understanding of our assets as well as strong relationships with our shareholder base. The Corporation has signed an Agreement with Boardmarker Group to provide investor relations and communications services with a focus on shareholder engagement and strategic capital market outreach.ĭavid Churchill, AMI's Chief Financial Officer states, "We are excited to bring Dean on board to support our Investor Relations initiatives and to bring greater outreach to the market, in addition to raising our profile with current and potential investors. Both JMAC Energy Services LLC and AMI received a payment of USD$600 Thousand, equal to $800,500 Canadian dollars. The Board of Directors of AMI Silica LLC has approved, based on this new financing and the company's strengthened working capital, to repay a portion of the original shareholders loan to both partners. We have a strong customer base and are finding ways to grow strategically to satisfy their requirements." As market demand continues to grow we are working on initiatives that will provide increased logistics capabilities to support the demand and provide added revenue streams. This loan will mature on Augunless paid out at an earlier date.ĭana Archibald, AMI Silica LLC's President and AMI's Chief Executive Officer comments, "This funding will support AMI Silica LLC's expansion and growth strategy. Under the terms of this financing, the facility is backed by eligible equipment owned by AMI Silica LLC.
Dean Stuart.ĪMI Silica LLC has entered into a non-dilutive debt financing facility for $2.7 Million USD. The Corporation also announces that it has entered into an arms-length investor relations agreement (the "Agreement") with Boardmarker Group ("Boardmarker"), led by Mr. (TSXV: AMI) (" AMI" or the " Corporation") an innovative and integrated group of companies that develops and delivers sand and gravel products, technical services, and supply-chain solutions, is pleased to announce that its joint venture partnership, AMI Silica LLC ("Silica LLC"), has finalized a non-dilutive financing for $2.7 Million USD (the "Financing") to support expansion initiatives at its Hixton operations. September 27, 2022) - Athabasca Minerals Inc.
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