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AC/DC Battery Metals Closes $2,000,000 Private Placement and Announces Commencement of Trading on the TSX Venture Exchange
(TheNewswire) Coquitlam, BC – July 3, 2024 – TheNewswire – AC/...
About this update from Ac/dc Battery Metals, Inc.
[{"type":"text","content":"AC/DC Battery Metals Closes $2,000,000 Private Placement and Announces Commencement of Trading on the TSX Venture Exchange\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Coquitlam, BC – July 3, 2024 –\n \n \n TheNewswire –\n \n \n AC/DC Battery Metals Inc.\n \n (the\n“\n \n Company\n \n ” or “\n \n AC/DC\n \n ”) (TSXV:\n \n ACDC\n \n ) announces that\n \n further to its news releases dated June 17 and June 24, 2024,\n \n the Company has closed a non-brokered private placement\nfinancing offering of 40,000,000 units (“Units”) at a price of\nCAD$0.05 per Unit for gross proceeds of CAD$2,000,000.\n \n \n Each Unit is comprised of one common share and one share purchase\nwarrant (“Warrant”). Each Warrant will entitle the holder thereof\nto purchase one additional common share of the Company at an exercise\nprice of CAD$0.06 per share for a period of five years from closing,\nsubject to TSX Venture Exchange (“Exchange”) approval.\n \n \n \n AC/DC Shares will commence trading on the Exchange\nunder the symbol \"TSXV: ACDC\" at the opening of market on\nJuly 8, 2024.  The Company has also launched its website at\n \n \n \n \n www.acdcbatterymetals.com\n \n \n \n \n .\n \n \n We are excited about our new website and the\ninformation it provides to our shareholders with respect to the\nCompany’s business.  The Company’s Facebook, LinkedIn and Twitter\naccounts are also available.\n \n \n \n Tim Fernback, Company President & CEO states “This is an\nexciting time for the Company…. a successfully completed significant\nfinancing in a challenging junior capital market and a new public\nlisting of its shares.   We set out on this journey many months ago,\nand fulfilled a commitment to our Grid Battery Metals shareholders to\noffer a valuable share dividend as we spun out the AC/DC subsidiary.\n We are looking forward to creating more shareholder value and to the\nfuture success of AC/DC on the TSXV.”\n \n \n The Company also paid finder fees in the amount of $25,500 cash,\n2,471,000 shares and 510,000 warrants in connection with the private\nplacement. The finder fees are subject to Exchange approval.\n \n \n All securities issued in connection with the private placement...