Source: Mining Journal
  • Global Battery Metals (GBML) has upsized its non-brokered private placement to $1,160,000
  • The company intends to issue up to 11,000,000 units for $0.10 per unit
  • The offering is expected to close at the end of August
  • Global Battery Metals Ltd is a Canadian exploration and development company
  • Global Battery Metals Ltd. (GBML) opened trading at C$0.12

Global Battery Metals (GBML) has upsized its previously announced non-brokered private placement to $1,160,000.

The company intends to issue up to 11,000,000 units for $0.10 per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant will be exercisable for one additional share at $0.14 for twenty-four months.

Proceeds will be used primarily for working capital.

The offering is expected to close at the end of August.

The securities issued will be subject to a statutory four-month hold period.

Global Battery Metals Ltd is a Canadian exploration and development company focused on metals that support the evolution to battery power.

Global Battery Metals Ltd. (GBML) opened trading at $0.12.

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