Source: Mining Journal
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  • Global Battery Metal (GBML) has announced a non-brokered private placement for gross proceeds of up to $500,000
  • The company will issue up to 5,000,000 units for $0.10 per unit
  • The offering is expected to close in mid-August 2022
  • Global Battery Metals Ltd is a Canadian exploration and development company
  • Global Battery Metals Ltd. (GBML) is up 5.56 per cent on the day, trading at C$0.095 per share at 11 am ET

Global Battery Metal (GBML) has announced a non-brokered private placement for gross proceeds of up to $500,000.

The company will issue up to 5,000,000 units for $0.10 per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant is exercisable for one additional share for a period of two years.

Proceeds will be used primarily for working capital.

The offering is expected to close in mid-August 2022.

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) is up 5.56 per cent on the day, trading at C$0.095 per share at 11 am ET.

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