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Bullboard - Stock Discussion Forum Global Battery Metals Ltd V.GBML

Alternate Symbol(s):  REZZF

Global Battery Metals Ltd. is a Canada-based international mineral exploration and development company with a focus on lithium, copper, and other metals. The Company maintains economic interests in three battery metal projects: an option to acquire up to about 90% interest in the Leinster Lithium Property and drill program underway in Ireland; a 100% interest in the drill-ready Lithium King... see more

TSXV:GBML - Post Discussion

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Post by Runandcoke on Jan 26, 2021 10:37am

Small PP

Global Battery Metals Announces Private Placement Vancouver, British Columbia--(Newsfile Corp. - January 25, 2021) - Global Battery Metals Ltd. (TSXV: GBML) (OTCQB: REZZF) (FSE: REZ) (the "Company" or "GBML") announces the terms of a nonbrokered private placement (the "Offering") of up to 1,416,667 units (the "Units") at a price of $0.12 per Unit for gross proceeds of up to $170,000. Each Unit will be comprised of one common share of the Company ("Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one additional Common Share at a price of $0.18 per share for a period of two years from the date of issuance. The net proceeds of the Offering are expected to be used for project evaluation and general corporate purposes. The Offering is subject to the acceptance of the TSX Venture Exchange, and securities issued pursuant to the Offering will be subject to a statutory four month hold period.
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