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  • Enerev5 Metals (ENEV) has completed the final tranche of its brokered private placement
  • Under the final tranche, the company issued 725,600 units for gross proceeds of $36,280
  • The company issued a total of 5,035,600 units for gross proceeds of $251,780
  • The company will use the proceeds for working capital, and other general corporate purposes
  • Enerev5 explores and develops battery metals properties around the world
  • Enerev5 Metals Inc. (ENEV) opened trading at C$0.015

Enerev5 Metals (ENEV) has completed the final tranche of its previously announced brokered private placement.

Under the final tranche, the company issued 725,600 units for gross proceeds of $36,280. Each unit consisted of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share for a period of two years.

The company paid the placement agent, IBK Capital Corp., a cash fee of $3,265, and issued 72,560 non-transferable broker warrants.

The company issued a total of 5,035,600 units under the private placement for gross proceeds of $251,780.

Net proceeds will be used for working capital and other general corporate purposes.

All securities issued are subject to a 4-month hold period.

Enerev5 explores and develops battery metals properties around the world.

Enerev5 Metals Inc. (ENEV) opened trading at C$0.015.

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