The resulting issuer will focus on unlocking asset value by applying existing proceeds and funds raised in the subsequent offering to advance the Macusani Project by infill and expansion drilling and updating the existing PEA and resource.

Source: https://www.cbj.ca/fridays-dog-holdings-announces-plan-of-arrangement-to-become-major-uranium-developer-as-american-lithium-spins-out-macusani-uranium/