23:03:46 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



Green Battery Minerals Inc
Symbol GEM
Shares Issued 74,896,287
Close 2023-07-28 C$ 0.06
Market Cap C$ 4,493,777
Recent Sedar Documents

Green Battery receives cond. OK for two financings

2023-07-28 18:08 ET - News Release

Mr. Thomas Yingling reports

PRIVATE PLACEMENT

Green Battery Minerals Inc. has received conditional acceptance to two separate financings:

  • $500,000: Ten million units at a price of five cents, each unit consisting of one common share and one warrant exercisable at 10 cents for three years, 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.
  • $1-million flow-through: A total of 14,285,714 flow-through units at a price of seven cents, each unit consisting of one flow-through common share and one-half warrant exercisable at 10 cents for a three-year period, 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 has been successful and closed a 1st tranche of its flow-through private placement and raised a total of $550,000.

The company will apply to the Toronto Stock Exchange for an extension for an additional 30 days to close the hard-dollar financing and the second tranche of the flow-through financing.

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

A finder's fee may be payable in accordance with the policies of the TSX Venture Exchange.

We seek Safe Harbor.

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