Green Battery Minerals Inc. intends to raise up to $1-million through the issuance of 15,384,615 units at 6.5 cents per unit. Each unit will consist of one common share and one warrant, exerciseable at 10 cents for three years. The proceeds of the private placement will be used for working capital. A finder's fee may be payable in accordance with the policies of the TSX Venture Exchange.
The closing of the financing is subject to receipt of all necessary regulatory approvals, including the TSX Venture Exchange.
We seek Safe Harbor.
Is $1.0 million enough?
If you read Note 6 in the last posted financials, approximately half the PP cash amount is equal to the outstanding amounts payable to Related Parties. And we know who the related parties and family members are.
Gracias.