American Critical Minerals reprices private placement at $0.20 per unit

American Critical Minerals Corp. (CSE: KCLI)(OTCQB: APCOF)(Frankfurt: 2P3) has amended the pricing of its proposed non-brokered private placement, according to a company statement.

The Vancouver-based company now proposes to raise up to $2,000,000 through the sale of up to 10,000,000 units at a revised price of $0.20 per unit. Each unit consists of one common share and one common share purchase warrant exercisable at $0.35 for a period of three years.

The company said net proceeds will be used to support drilling operations at its Green River Project in Utah and for general working capital purposes. The Green River Project targets potash and lithium exploration in the Paradox Basin, located approximately 20 miles northwest of Moab, Utah.

Closing of the offering remains subject to regulatory approvals. All securities issued will carry a four-month-and-one-day resale restriction under applicable securities laws. The company may also pay finders' fees to eligible parties who assisted in introducing subscribers to the offering.

The securities are not registered under the United States Securities Act of 1933 and are not being offered for sale in the United States.

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