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Vital Battery Metals Inc
Symbol VBAM
Shares Issued 26,297,450
Close 2022-09-15 C$ 0.30
Recent Sedar Documents

Vital Battery arranges $2.5-million private placement

2022-09-21 11:42 ET - News Release

Mr. Adrian Lamoureux reports

VITAL BATTERY METALS ANNOUNCES PRIVATE PLACEMENT

Vital Battery Metals Inc. has arranged a non-brokered private placement of up to $2.5-million.

The company will issue up to 10 million units at a purchase price of 25 cents per unit. Each unit will consist of one common share of the company and one transferable common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at an exercise price of 35 cents for a period of 24 months from the closing date.

The company will use the proceeds from the placement toward exploration on the company's Sting and Vent properties and for general working capital. Finder's fees may be payable in accordance with the policies of the Canadian Securities Exchange. There will be a hold period of four months and one day on all securities issued under the placement.

About Vital Battery Metals Inc.

Vital Battery Metals is a mineral exploration company dedicated to the development of strategic projects comprising battery, base metals and precious metals in stable jurisdictions. The company is working to advance its Sting copper project and its Vent copper-gold project.

The Sting project covers approximately 30.6 square kilometres (3,060 hectares) and hosts multiple historic Newfoundland and Labrador government-documented mineral occurrences, and is located within a 50 km corridor known for significant volcanogenic massive sulfide (VMS), copper quartz vein lode and low sulphation epithermal gold showings. The Vent copper-gold project covers 1,562 hectares in British Columbia. Vital continues to evaluate value-add assets to bolster its project portfolio.

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