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Bullboard - Stock Discussion Forum Cruz Battery Metals Corp C.CRUZ

Alternate Symbol(s):  BKTPF

Cruz Battery Metals Corp. is a Canada-based company, which is focused on acquiring and developing battery metals projects. The Company’s projects include The Hector Project, The Solar Lithium Project, The Clayton Valley Lithium Brine Project, Idaho Cobalt Belt Project and The Idaho Star Cobalt Prospect. The Solar Lithium Project is located in Nevada, United States. Solar Lithium Project... see more

CSE:CRUZ - Post Discussion

Cruz Battery Metals Corp > CRUZ NEWS!!
View:
Post by Bentley2000 on Jun 10, 2024 7:32pm

CRUZ NEWS!!

   
Cruz Closes $225,000 Listed Issuer Financing Exemption (LIFE) Private Placement
2024-06-10 06:34:36 PM ET (Newsfile Corp)
   
 
   
Vancouver, British Columbia--(Newsfile Corp. - June 10, 2024) - Cruz Battery Metals Corp. (CSE: CRUZ) (OTC Pink: BKTPF) (FSE: A3CWU7) ("Cruz" or the "Company") has closed a non-brokered listed issuer financing exemption (LIFE) private placement of 6,250,000 units at a price of $0.036 per unit (the "Offering"). Each unit consists of one common share of the Company and one share purchase warrant to purchase one common share of the Company at a price of $0.05 for a period of 60 months from the Closing Date. The Company intends to use the net proceeds of the Offering for the Company's general working capital, and evaluation and work on the existing projects.
Jim Nelson, President of Cruz Battery Metals, stated, "Cruz is now in a position to refocus on building shareholder value, and we look forward to a much more active second half of 2024."
The units sold under the Offering were issued and sold pursuant to the listed issuer fina ncing exemption under Part 5A of National Instrument 45-106 Prospectus Exemptions (the "Listed Issuer Financing Exemption"). A copy of the offering document under the Listed Issuer Financing Exemption dated May 30, 2024 is available under the Company's profile at www.sedarplus.ca and on the Company's website at www.cruzbatterymetals.com. All units issued pursuant to the Listed Issuer Financing Exemption are not subject to resale restrictions in Canada in accordance with applicable Canadian securities laws and the policies of the Canadian Securities Exchange (the "CSE").
None of the securities issued have been registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This news release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.
About Cruz Battery Metals Corp.
Cruz currently has several projects located throughout North America. Cruz's Nevada lithium projects consist of the 8,135-acre 'Solar Lithium Project' and the 240-acre 'Clayton Valley Lithium Project'. Cruz's 6,146-acre Hector cobalt project is located in the vicinity of the town of Cobalt, Ontario, which is prospective for cobalt, silver, and diamonds. Cruz's Idaho projects include the 2,211-acre 'Idaho Cobalt Belt Project' and the 80-acre 'Idaho Star Cobalt Project'. Management cautions that past results or discoveries on properties in proximity to Cruz may not necessarily be indicative of the presence of mineralization on the Company's properties.
If you would like to be add ed to Cruz's news distribution list, please send your email address to info@cruzbatterymetals.com
Cruz Battery Metals Corp.
"James Nelson"
James Nelson

President, Chief Executive Officer, Secretary and Director
For more information regarding this news release, please contact:

James Nelson, CEO and Director

T: 604-899-9150

Toll free: 1-855-599-9150

E: info@cruzbatterymetals.com

W: www.cruzbatterymetals.com

Twitter: @CruzBattMetals
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISSEMINATION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/212404

comtex tracking
COMTEX_453628736/2523/2024-06-10T18:34:36
   
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