Green Battery Minerals Inc. – Private Placement Raises $2,113,000

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PRIVATE PLACEMENT

Green Battery Minerals Inc. (“the Company”) (TSX-V: GEM) announces that it has received conditional approval and will now apply to the TSX-V for approval to close a private placement for proceeds of $2,113,000.  A total of 10,565,000 units (the “Units”) have been subscribed for at a price of $0.20 per Unit, each Unit consisting of one (1) common share and one warrant exerciseable for two years at $0.50.   The term of the warrants issued may be accelerated by the Company in the event that the Company’s shares trade at or above $1.00 for a period of 10 consecutive days. In such case of accelerated warrants, the Company may give notice, in writing or by way of news release, to the holders that the warrants will expire 30 days from the date of providing such notice.  

The Company has agreed to pay commissions of 8% cash and 8% warrants.

Proceeds of the private placement will be used for working capital and continued exploration on the Company’s properties including:

  1.  Potential Major drill program intended to expand mine life from 15 years to 25 years.
  2. Impact Assessment Report.
  3. Pursuing commercial arrangements with major graphite consumers. 

Green Battery Minerals is an ESG Committed Company.  The GREEN in our name and logo represents a choice in the way we do business. The overall well-being and respect for the environment and people come first.

 ENVIRONMENT
Climate Stability
Waste Management
Innovation
Natural Resources

SOCIAL
Human Capital
Value Chain – Ethical Supply Chain
Community
Diversity

GOVERNANCE
Risk Management
Anti-Bribery & Corruption
Corp. Governance
Transparency

Our graphite is unique as it can be easily Purified to 99.95% by using the clean and green standard alkaline process instead of hydrofluoric acid which is how the majority of all Lithium Ion battery graphite is currently purified.   

The issuance of the securities and finder’s fee payable are all subject to the approval of the TSX-V.  Securities to be issued will have the required hold period of one day and four months from issuance.

ON BEHALF OF THE BOARD

Thomas Yingling,
President and Director

Disclaimer for Forward-Looking Information:

Certain statements in this release are forward-looking statements which reflect the expectations of management.  Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future.  Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements.  No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.  These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect.

Neither 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.

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