AMV Capital Corporation to Acquire Key Lake South Uranium Project Pursuant to a Reverse Takeover

AMV Capital Corporation to Acquire Key Lake South Uranium Project Pursuant to a Reverse Takeover

VANCOUVER, British Columbia, Sept. 14, 2022 (GLOBE NEWSWIRE) — AMV Capital Corporation (AMV: TSX-V) (“ AMV ” or the “ Company ”) announces that it has entered into an arm’s length non-binding letter of intent on September 13, 2022 (the “ LOI ”) with a private Saskatchewan corporation (“ SaskCo ”) controlled by Dawn Zhou pursuant to which SaskCo is to sell to AMV a 100% right, title and interest in and to the mineral claims (the “ Claims ”) which comprise the Key Lake South Uranium Project located in the southeastern Athabasca Basin Region in Saskatchewan (the “ KLS Project ”) for and in consideration of 25,639,288 common shares of AMV, representing 66.7% of the issued and outstanding shares of AMV post-closing and pre-financing (the “ Transaction ”). The Transaction is to constitute a “reverse takeover” pursuant to the policies of the TSX Venture Exchange (the “ Exchange […]

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