VANCOUVER, British Columbia, Oct.  25, 2022  (GLOBE NEWSWIRE) -- AMV Capital Corporation (AMV: TSX-V) (“AMV” or the “Company”) announces that further to its news release dated September 14, 2022, it has now entered into an arm’s length asset purchase agreement dated October 24, 2022 (the “Definitive Agreement”) with 101159623 Saskatchewan Ltd., a private corporation controlled by Dawn Zhou (“SaskCo”), pursuant to which AMV will acquire a 100% right, title and interest in and to the mineral claims (the “Claims”) that 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”) and is subject to receipt of Exchange acceptance.
AMV Capital Corporation Signs Definitive Agreement to Acquire Key Lake South Uranium Project Pursuant to a Reverse Takeover
AMV Capital Corporation Signs Definitive Agreement to Acquire Key Lake South Uranium Project Pursuant to a Reverse Takeover --  AMV Capital Corporation (AMV: TSX-V) (“AMV” or the “Company”) announces that further to its news release dated September 14, 2022, it has now entered into an arm’s length asset purchase agreement dated October 24, 2022 (the “Definitive Agreement”) with 101159623 Saskatchewan Ltd., a private corporation controlled by Dawn Zhou (“SaskCo”), pursuant to which AMV will acquire a 100% right, title and interest in and to the mineral claims (the “Claims”) that 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”) and is subject to receipt of Exchange acceptance.