Atlas Engineered Products Announces Warrant Extension

October 08, 2020

October 8th, 2020 - Nanaimo, British Columbia / Atlas Engineered Products (“AEP” or the “Company”) (TSX-V: AEP; OTC Markets: APEUF) announces that the Company intends to extend the exercise period of 5,165,000 share purchase warrants (the “Warrants”) issued in 2018.

AEP issued the Warrants in connection with its private placement financing completed in two tranches in October and December of 2018. The Warrants are exercisable at a price of $0.60 per share for a term originally set to expire two years from the date of issuance. 4,748,750 of the Warrants were set to expire on October 31, 2020, and 416,250 of the Warrants were set to expire on December 3, 2020. The Company is proposing to extend the expiry dates for these Warrants by one (1) year, with the new expiry dates for the Warrants proposed as follows:

• The 4,748,750 Warrants originally set to expire on October 31, 2020 will have their exercise period extended to October 31, 2021.

• The 416,250 Warrants originally set to expire on December 3, 2020 will have their exercise period extended to December 3, 2021.

All other terms and conditions of the Warrants will remain unchanged. The extension of the exercise period for the Warrants is subject to acceptance by the TSX Venture Exchange.

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, giving us a unique opportunity to consolidate a fragmented industry of independent operators.

For further information please contact:

Atlas Engineered Products Ltd.
Phone: 1-250-754-1400
Email: [email protected]
Unit 102, 6551 Aulds Road
Nanaimo, BC V9S 5X9
www.atlasengineeredproducts.com

For investor relations please contact:
Melissa MacRae, Interim CFO
Phone: 1-250-754-1400
Email: [email protected]
Atlas Engineered Products Ltd.
Unit 102, 6551 Aulds Road
Nanaimo, BC V9S 5X9
www.atlasengineeredproducts.com

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.