20:06:01 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



Green Battery Minerals Inc
Symbol GEM
Shares Issued 74,896,287
Close 2023-07-21 C$ 0.06
Market Cap C$ 4,493,777
Recent Sedar Documents

Green Battery closes $550,000 1st tranche of financing

2023-07-21 16:28 ET - News Release

Mr. Thomas Yingling reports

PRIVATE PLACEMENT 1ST TRANCHE

Green Battery Minerals Inc. has closed a first tranche of its flow-through private placement to raise total proceeds of $550,000. A total of 7,857,357 flow-through units have been subscribed for at a price of seven cents per unit, with each unit consisting of one common share and one-half warrant exercisable for three years at 10 cents, subject to the right to be accelerated by the company in the event that its shares trade at or above 25 cents for a period of 10 consecutive days. In such case of accelerated warrants, the company may give notice, in writing or by way of news release, to the holders that the warrants will expire 30 days from the date of providing such notice. The company will now apply to the Toronto Stock Exchange to issue the securities. The securities to be issued will have the required four-month-plus-one-day hold period from issuance.

The company has agreed to pay cash finders' fees of $44,001.20 and issue 628,588 finder warrants.

Proceeds of the private placement will be used for working capital and continued exploration on the company's properties.

We seek Safe Harbor.

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