NEO Battery Materials Ltd V.NBM

New Press Release - NEO Battery Materials Announces Pricing of Non-Brokered LIFE Private Placement

TORONTO, Oct. 10, 2023 (GLOBE NEWSWIRE) -- (TSXV: NBM) (OTCQB: NBMFF) NEO Battery Materials Ltd. (“NEO” or the “Company”), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to announce the pricing of the non-brokered...read article.

[lscfa]

    Jul18/23 Shs 101,170,646 Wrts 7,041,668 Options 6,230,000   114,442,314 $5M PP Shs 15,625,000 $5M PP wrts

[theo1264]

new warrants are exercisable @ $0.75 per share.  So immediate dillution is less than suggested above.

[TheSarge]

Such an arduous process to get private placement. Rather disturbing to say the least.  Long road ahead.  A shame that NEO has drawn such little interest from any major players. when trading resumes next month I think it will be a nail biter for sure. Commercial plant right now is a distant dream.  Are we allowed to now question the viability of their technology?

[Duparquet]

Indeed, it was difficult for private financing...   I have invested and monitored this cie for two years and the halts have always been difficult. So I'm not too surprised by what just happened at the last halt.   For NBM's technology I don't worry too much because the evolution of the products was consistent over time. In my opinion, we are at the dawn of great news

[TheSarge]

Private placement is far from being complete 

[Zevo]

Light follows darkness.. patience is tough and will pay handsomely imo. Think we need to see max financing - $5 million.  Tech is solid- we are in good hands. Would have loved to see higher PP price, it's definitely a steal @ .32  

[DoekeGouda]

I totally agree with you and here is the link of Neo Battery: https://neobatterymaterials.com/neo-battery-materials-announces-pricing-of-non-brokered-life-private-placement/  With regards, Doeke Gouda from the Netherlands

[greenshoe]

I don't understand this article.... It seems bad news right? 

[Duparquet]

The new...  The money offering will satisfy the Change of Business minimum financing requirement by the TSXV, as previously announced by the Company on June 30, 2023. Each Unit shall consist of one common share of the Company (each, a “Common Share”) and one non-transferable Common Share purchase warrant (each, a “Warrant”). Each Warrant shall be exercisable into one Common Share of the