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GREEN BATTERY MINERALS Closes $2,316,000 Non-Brokered Private Placement
(TheNewswire) VANCOUVER, B.C. - TheNewswire - November 25, 2021 - Gre...
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[{"type":"text","content":"GREEN BATTERY MINERALS Closes $2,316,000 Non-Brokered Private Placement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n VANCOUVER, B.C. -\n \n \n TheNewswire - November 25, 2021 -\n \n \n Green Battery Minerals Inc.\n(“Green Battery” or the “Company”) (TSXV:GEM\n \n \n )\n \n \n (\n \n \n FSE:BK2P\n \n \n )\n \n \n (\n \n \n WKN:A2QENP\n \n \n )\n \n \n (\n \n \n OTC:GBMIF)\n \n \n is pleased to\n \n \n announce that it has\ncompleted its previously announced non-brokered private placement (the\n“\n \n \n Offering\n \n \n ”), as described in its News Releases of November 9, 2021,\nNovember 16, 2021 and November 23, 2021, pursuant to which it has\nissued an aggregate of 15,444,001\n \n \n flow-through\nunits (each, a “\n \n \n FL\nUnit\n \n \n ”) at a price of $0.15 per FL Unit, for\ngross proceeds of $2,316,600\n \n \n .\n \n \n Each FL Unit will consist of one common share in the capital\nof the Company that is issued on a flow-through basis in accordance\nwith the\n \n \n Income Tax Act\n \n \n (Canada) (each, a “\n \n \n FL Share\n \n \n ”) and one\nhalf of one share purchase warrant (each whole warrant, a\n“\n \n \n Warrant\n \n \n ”), with each Warrant entitling the holder thereof to\npurchase one (non-flow-through) common share in the capital of the\nCompany (each, a “\n \n \n Warrant\nShare\n \n \n ”) at a price of $0.20 per Warrant Share\nfor a period of twenty four months following issuance\n \n \n .\n \n \n \n \n The Company paid cash finder’s fees of $140,928 and\nissued 613,332 broker warrants (each, a “\n \n \n Broker’s Warrant\n \n \n ”) and 326,186 common shares to certain finders in\nconnection with the Offering.  The Broker’s Warrants have the same\nterms and conditions as the Warrants.\n \n \n \n \n The proceeds from the Offering are expected to be used\nfor Canadian exploration expenses and will qualify as flow-through\nmining expenditures, as defined in Subsection 127(9) of the\n \n \n Income Tax Act\n \n \n (Canada), which will be renounced to the subscribers with an\neffective date no later than December 31, 2021, to the initial\npurchasers of the FL Units in an aggregate amount not less than the\ngross proceeds raised from the issue of the flow-through shares, as\na...