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Enter Symbol
or Name
USA
CA



Megawatt Lithium and Battery Metals Corp (2)
Symbol MEGA
Shares Issued 87,587,318
Close 2024-01-17 C$ 0.09
Market Cap C$ 7,882,859
Recent Sedar+ Documents

Megawatt Lithium to issue 900,000 shares for debt

2024-01-17 19:17 ET - News Release

Subject: Megawatt Announces Shares for Debt PDF Document File: Attachment 20240117 - MegaWatt NR - Announcing shares for debt.pdf Megawatt Announces Shares for Debt Vancouver, British Columbia--(January 17, 2024) - Megawatt Lithium and Battery Metals Corp. (CSE:MEGA) (FSE: WR20) (OTCQB: WALRF) (the "Company" or "Megawatt") announces that, it will enter into a shares for debt agreement for the issuance of 900,000 common shares in the capital of the Company (the "Shares") at a deemed price of $0.10 per Share to an arm's length creditor (the "Creditor") for settlement of debts owing to the Creditor in an aggregate amount of $90,000 for general and administrative services provided to the Company by the Creditor (the "Shares for Debt Settlement"). All the Shares issued in connection with the Shares for Debt Settlement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. Closing of the Shares for Debt Settlement is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the Canadian Securities Exchange. About MegaWatt Lithium and Battery Metals Corp. MegaWatt is a British Columbia based company involved in the acquisition and exploration of mineral properties in Canada. The Company holds a 100% undivided interest, subject to a 1.5% NSR on all base, rare earth elements and precious metals, in the Cobalt Hill Property, consisting of eight mineral claims covering an area of approximately 1,727.43 hectares located in the Trail Creek Mining Division in the Province of British Columbia, Canada. Additionally, the Company has acquired a 100% interest in a company that indirectly holds a 100% interest (subject to a 2% NSR) in two prospective silver-zinc projects in Australia, being the Tyr Silver Project and the Century South Silver-Zinc Project (see press release dated October 15, 2020), an indirect 100% interest (subject to a 1% NSR) in and to certain mining tenements in Northern Territory and New South Wales, Australia prospective for nickel-cobalt-scandium and rare earth elements. The Company holds a 100% interest (subject to a 2% NSR) in and to the Route 381 Lithium Property, comprised of 40 mineral claims located in James Bay Territory, north of Matagami in the Province of Quebec, covering 2,126 hectares (see press release dated February 3, 2021) and a 100% interest in 229 additional mineral exploration claims prospective for lithium, also in the James Bay area of Quebec covering an area of 12,116 hectares or 121 square kms. Investors can learn more about the Company and team at https://megawattmetals.com. For further information: Kelvin Lee, Chief Financial Officer, kelvin@megawattmetals.com, (236)521- 6500 Related Links https://megawattmetals.com - 2 - The CSE does not accept responsibility for the adequacy or accuracy of this release. This press release includes "forward-looking information" that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements may include but are not limited to, statements relating to the trading of the Company's common shares on the Exchange and the Company's use of proceeds and are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward- looking statements. Such forward-looking statements represent management's best judgment based on information currently available. No securities regulatory authority has either approved or disapproved of the contents of this news release. SOURCE MegaWatt Lithium and Battery Metals Corp. FOR FURTHER INFORMATION PLEASE CONTACT: Kelvin Lee, Chief Financial Officer kelvin@megawattmetals.com LEGAL_43033741.1

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