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Global Battery Metals Engages Venture Liquidity Providers for Market Making Services
Vancouver, British Columbia--(Newsfile Corp. - April 3, 2023) - Global Battery Metals Ltd. (T...
About this update from Global Battery Metals Ltd.
[{"type":"text","content":"Global Battery Metals Engages Venture Liquidity Providers for Market Making ServicesVancouver, British Columbia--(Newsfile Corp. - April 3, 2023) - Global Battery Metals Ltd. (TSXV: GBML) (OTCQB: REZZF) (FSE: REZ) (the \"Company\" or \"GBML\"), a critical mineral exploration company focused on growth-oriented lithium and other battery metal projects, announces that it has, subject to regulatory approval, retained Venture Liquidity Providers Inc. (\"VLP\") to initiate market making services for the purposes of maintaining an orderly trading market and improving the liquidity of the Company's common shares. Beginning in April 2023, the market making services will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd., in compliance with the applicable policies of the TSX Venture Exchange (\"TSXV\") and other applicable laws. For its services, the Company has agreed to pay VLP $5,000 per month for a period of three months. The agreement may be terminated at any time by the Company or VLP. The Company and VLP act at arm's length and VLP has no present interest, directly or indirectly, in the Company or its securities. The finances and the shares required for the market-making service are provided by W.D. Latimer. The fee paid by the Company to VLP is for services only.VLP is a specialized consulting firm based in Toronto providing a variety of services focused on TSXV-listed issuers.The Company also confirms the extension of a social marketing and consulting agreement with Common Cents Media, Social Purpose Corporation (\"Common Cents\") and the grant of additional stock options to Common Cents to purchase 100,000 common shares of the Company at $0.175 per common share until March 31, 2025. The options will vest as to 25% every three months after the date of grant and are subject to the terms and conditions of the Company's stock option plan. About Global Battery Metals Ltd.GBML is an international mineral exploration and development company with a focus on metals that comprise and support the rapid evolution to battery power. GBML currently maintains economic interests in four battery metal projects: (1) an option to acquire up to a 90% in the Leinster lithium property in Ireland; (2) a 100% interest in the Lithium King property in Utah; (3) an option to acquire up to a 100% interest in the La Poile lithium project...