Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Battery Mineral Resources (BMR) has closed its previously announced non-brokered private placement
  • The company issued 1,388,888 common shares on a flow-through basis at a price of $0.72 per share raising gross proceeds of $1,000,000
  • BMR will pay a $60,000 finder’s fee to GloRes Securities Inc.
  • Battery Mineral Resources is engaged in the discovery, acquisition, and development of battery metals
  • Battery Mineral Resources Corp. (BMR) is up 2.94 per cent, trading at C$0.70 per share at 2:15 pm

Battery Mineral Resources (BMR) has closed the non-brokered private placement announced on June 17, 2021.

The company issued 1,388,888 common shares on a flow-through basis at a price of $0.72 per share for gross proceeds of $1,000,000.

Proceeds will be used to finance the continuation of the company’s 2021 exploration programs in Ontario and Quebec.

BMR will pay a 6 per cent finder’s fee to GloRes Securities Inc. consisting of a cash commission of $60,000.

Shares issued are subject to a statutory hold period expiring four months and one day from the closing date of the offering.

Battery Mineral Resources is engaged in the discovery, acquisition, and development of battery metals (cobalt, lithium, graphite, nickel & copper), in North and South America and South Korea with the goal of becoming a supplier of battery minerals to the electrification marketplace.

Battery Mineral Resources Corp. (BMR) is up 2.94 per cent, trading at C$0.70 per share at 2:15 pm.

More From The Market Herald
Superior Gold - Director, Michael Pesner.

" Superior Gold (TSXV:SGI) nominates new director

Superior Gold (SGI) has filed a management information circular for its annual general meeting.

" Sulliden Mining Capital (TSX:SMC) acquires securities of Xander Resources

Sulliden Mining Capital (SMC) acquired 7,142,857 units of Xander Resources in a private placement.

" Eastern Platinum (TSX:ELR) updates technical report on Crocodile River Mine

Eastern Platinum Limited (ELR) has filed a Technical Report on the Crocodile River Mine (CRM), North West Province in South Africa.