Alchemist completes acquisition of Aqueous Resources
by CM staff
Alchemist acquired all of the outstanding membership interests and as consideration issued 17,500,000 shares.
VANCOUVER — Alchemist Mining Incorporated has closed its securities exchange agreement dated June 13, 2023 (Securities Exchange Agreement) with Aqueous Resources LLC (Aqueous), a private arm’s length limited liability company based in Denver, Colorado.
Pursuant to which the company acquired all of the outstanding membership interests of Aqueous from the holders of the membership interests, in exchange for common shares in the capital of the company. Upon closing, Aqueous became a wholly-owned subsidiary of the company.
Pursuant to the terms of the Securities Exchange Agreement, Alchemist acquired all of the outstanding membership interests and as consideration issued 17,500,000 shares, on a pro rata basis, to the members at a deemed price equal to $0.52 per share. Upon closing, in accordance with the terms of conditions of the Securities Exchange Agreement, Fredrik Klaveness was appointed as a director to Alchemist’s board. Following the appointment of Klaveness, Alchemist’s board consists of Scott Taylor, Eric Boehnke, Jennie Choboter and Fredrik Klaveness.
