Post by
mingzhu on Jan 09, 2021 4:20pm
good info from CEO.ca: total 400 m shares
On February 14, 2020, the Company closed a non-brokered private placement of 150,000,000 units of the Company at $0.005 per unit for gross proceeds of $750,000. Each unit consists of one common share and one common share purchase warrant with each warrant entitling the holder to purchase one common share at a price of $0.008 for a period of three years. On May 29 2020, the Company closed a non-brokered private placement of 60,000,000 units at a price of $0.008 per unit. Each unit consists of one common share and one half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at a price of $0.017 for a period of three years. On August 13, 2020, the board of directors approved the issuance of 4,200,000 stock options to the Company’s officers and directors, and one consultant, at an exercise price of $0.01. The options are subject to a vesting period of 25% immediately, 25% in two months, 25% in four months, and the final 25% in six months. The options are set to expire on August 14, 2023. On August 14, 2020, the Company completed a non-brokered private placement of 22,200,000 units at $0.008 per unit for total gross proceeds of $185,000. Each unit consists of one common share and one- half of one common share purchase warrant with each whole warrant entitling the holder to purchase one common share at a price of $0.017 for a period of three years. The Company paid a finder’s fee of 720,000 shares for a total value of $6,000, for certain subscribers of the private placement. In addition to the private placement, the Company settled $150,000 in debt owing to Bryson Goodwin (CEO), by issuing Mr. Goodwin 18,000,000 units at a price of $0.008 per unit. Each unit consists of one common share and one-half of one common shares purchase warrant with each whole warrant entitling the holder to purchase one common share at a price of $0.017 for a period of three years On September 23, 2020 the name of the Company changed to Extreme Vehicle Battery Technologies Corp. from Global Elsimate Capital Corp. The Company’s shares are listed on the Canadian Securities Exchange (the “Exchange”) under the symbol “ACDC” (formerly “GECC”). On September 29, 2020, the Company appointed Victor Hiu-Fai Ho to the board of the directors. 6 On October 6, 2020, the Company split its issued and outstanding shares on the basis of one (1) pre-split share for six (6) post-split shares. All share figures and references have been retroactively adjusted to reflect the share split. On October 30, 2020, the Company issued 8,000,000 common shares at $0.0125 per share to Intelligent Battery Technologies Ltd. for part of the license acquisition fees. As at October 31, 2020, the directors of the Company are Bryson Goodwin, Cedric Wilson, Tjalling DeJong, and Victor