Change of business

The TSX Venture Exchange has accepted for filing Neo Battery Materials Ltd.'s change of business (COB) from a mining issuer to a technology issuer.

Refer to the company's information circular dated Feb. 21, 2023, as well as the filing statement dated Dec. 27, 2023, available on SEDAR+.

The COB includes acceptance of the transactions outlined below.

Property asset or share disposition agreement

The TSX Venture Exchange has accepted for filing documentation pertaining to an agreement between the company and Automobile & PCB Inc., dated June 30, 2022, whereby the company disposed of a 40-per-cent interest in its subsidiary, Neo Battery Materials Korea Co. Ltd., for consideration of $3-million.

For further information, please refer to the company's news releases dated June 30, 2022, and Oct. 12, 2022, available on SEDAR+.

Private placement -- non-brokered

The TSX Venture Exchange has also accepted for filing documentation with respect to a non-brokered private placement announced on Oct. 10, 2023.

Number of shares:  11,386,860 shares

Purchase price:  32 cents per share

Warrants:  11,386,860 share purchase warrants to purchase 11,386,860 shares

Warrant exercise price:  75 cents for a two-year period, subject to an acceleration clause

Number of placees:  41 placees

Total pro group involvement:  25,000 (one pro group)

Finder's fee:  $9,352 cash and 29,225 warrants

Finder's warrant terms:  Each warrant entitles the holder to purchase one common share at the price of 75 cents for period of two years from the date of issuance.

The company issued a news release on Nov. 27, 2023, confirming the closing of the private placement. Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

Resume trading

Effective at the opening, Thursday, Jan. 11, 2024, the common shares of the company will resume trading on the TSX Venture Exchange. The company is classified as a technology company.

Corporate jurisdiction:  Ontario

Capitalization:  unlimited common shares with no par value, of which 113,107,506 common shares are issued and outstanding

Escrowed shares:  nil common shares subject to escrow

Transfer agent:  Odyssey Trust Company

Trading symbol:  NBM (unchanged)

Cusip No.:  62908A 10 0 (unchanged)