NANAIMO, BC, Feb. 8, 2022 /CNW/ - Atlas Engineered Products
("AEP" or the "Company") (TSXV: AEP) (OTC Markets: APEUF) announces
that 2,102,819 warrants have been exercised for gross proceeds of
$1,261,691.40.
2,102,819 warrants were exercised for 2,102,819 common shares of
AEP before the 5pm deadline yesterday
at an exercise price of $0.60 per
warrant. The remaining warrants have expired. AEP plans to use the
proceeds of $1,261,691.40 to continue
its focus on organic growth, product development, and mergers and
acquisitions. Post warrant exercise, total AEP shares outstanding
are 59,538,049.
About Atlas Engineered Products Ltd.
AEP is a growth company that is acquiring and operating
profitable, well-established operations in Canada's truss and engineered products
industry. We have a well-defined and disciplined acquisition and
operating growth strategy enabling us to scale aggressively and
apply new technologies, giving us a unique opportunity to
consolidate a fragmented industry of independent operators.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
SOURCE Atlas Engineered Products Ltd.