Global Cobalt Corp GLBCF

GLOBAL ENERGY METALS RECEIVES CONDITIONAL APPROVAL FOR LIST

[duaneb737]

got this email from GEMC this morning... nothing on their website yet...

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GLOBAL ENERGY METALS RECEIVES CONDITIONAL APPROVAL FOR LISTING ON THE TSX VENTURE EXCHANGE AND ANNOUNCES CONCURRENT FINANCING

• Shares to Trade on the TSX-V under the Symbol GEMC
• Minimum $200,000 to Maximum $500,000 Concurrent Offering Priced at $0.15 per Unit

 

VANCOUVER, BC / February 6, 2017 / GLOBAL ENERGY METALS CORP. (“Global Energy Metals”, the “Company” and/or "GEMC") is pleased to announce that the Company has received conditional approval from the TSX Venture Exchange ("TSX-V") for the listing of its common shares on the TSX-V.
 
Mitchell Smith, President and CEO, stated: "The conditional approval by the TSX Venture Exchange is an important milestone in the Company’s drive to emerge as a cobalt project exploration, development and supply company at a time when investor and end-user appetite for exposure to cobalt is at an all-time high.”
 
Closing and final acceptance of the listing is subject to the satisfaction of certain conditions, including fulfilling all required filing requirements pursuant to the policies of the TSX-V and the completion of a concurrent financing for minimum gross proceeds in the amount of CAD $200,000 and maximum of CAD $500,000 (the "Concurrent Financing"), through the issuance of units at a price of CAD $0.15 per unit.  The use of proceeds from the Concurrent Financing will be used for general corporate purposes and continued advancement of its Werner Lake Cobalt project.
 
The Units offered under the Concurrent Financing will each consist of one (1) Global Energy Metals common share and one (1) Global Energy Metals common share purchase warrant, each warrant entitling the holder to acquire one (1) additional common share of the Company at a price of CAD $0.30 for a period of 12 months from the Closing Date. The Warrants will contain an acceleration provision, whereby in the event the daily volume weighted average trading price (the "VWAP") of the common shares of GEMC is at least CAD $0.40 per share for 10 consecutive trading days, GEMC will have the right to accelerate the expiry date of the Warrants to the date which is 30 days after notice is given to the holders of the warrants of the accelerated expiry date and a news release to that effect is given.
 
Although the Concurrent Financing will be non-brokered, Global Energy Metals may pay finder's fees in cash and/or finders warrants in accordance with the TSX-V policies.
 
Upon completion of the final listing requirements, the Company's Shares will trade on the TSX-V under the symbol GEMC.
 
Global Energy Metals Corporation:
Global Energy Metals is an aggregator of primary cobalt and other battery metals projects and other supply, providing supply to the market demand for the growing rechargeable battery market.  GEMC anticipates growing its business by acquiring project stakes in battery metals related projects with key strategic partners.  GEMC currently owns the Werner Lake Cobalt Mine in Ontario, Canada.
 
For Further Information:
Mitchell Smith
President & CEO
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: [e-mail]
t. + 1 [phone]
 
Cautionary Statement on Forward-Looking Information: 
Certain information in this release may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with regulatory approvals and timelines. Although Global Energy Metals believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.  For more information on Global Energy and the risks and challenges of their businesses, investors should review the filings that are available at www.sedar.com.
 
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.
 
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.
 
We seek safe harbour.

[Misbrandt]

I'm going to put my money where my mouth is and the day we start trading pick up at least $1000 to add to my position in this (I know, not really a big spender). It was priced out to be worth  15 cents a share before cobalt started knocking down 52 week highs (and CSK and CUZ are moving up quite nicely with the price increase so one would imagine a company with a more advanced mining play

[Winwarrior]

 . . . . and good luck to you as well. 

[WallyMoney]

Good news I guess. Been silent and reading posts since the split delist, etc... Pulled most of everything out of the old fco to invest in gco, what was I thinking? ECS would have given me 1,924% (yeah you read that right) return as of today. Makes you want to puke. I wrote this sht off, let's see something. 

[Winwarrior]

Wally, I do not think anyone could fault you for taking a flier on GCO. Who would have thought it possible that those leading GCO would not have ensure that there was a clear path to asset ownership if they met terms of the agreement. I doubt there is anyone posting here that said 5 years ago . . ."don't do it there is not a clear path to the license of this property"  

[Canada2016]

I would not put another penny into GEMC with it being linked to Erin chatter she tanked the stock it was going to a buck with the Chinese on board. 

[Canada2016]

I am selling as soon as they are listed it's free money and I do not believe it will go past 15 cents they steal ideas from other companies around the V ... I believe GCO will trade again and once it does that's where the money is in the K property

[Winwarrior]

Canada2016 . . . why do you believe GCO will trade again? I have a boatload of it and would welcome this and like you agree that K has great potential but right now with the fact that there is virtually no activity with GCO it seems I feel very doubtful. Love to hear your thoughts on the positive side