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Global Energy Metals Announces Acceleration of Warrant Expiry Date for Warrants; Reminds Shareholders of Early Exercise Incentive Program
(TheNewswire) Vancouver, BC - TheNewswire - February 7, 2023 - Global Energy Metals Cor...
About this update from Global Energy Metals Corp
[{"type":"text","content":"Global Energy Metals Announces Acceleration of Warrant Expiry Date for Warrants; Reminds Shareholders of Early Exercise Incentive Program\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, BC - TheNewswire -\nFebruary 7, 2023 -\n \n \n Global\nEnergy Metals Corporation\n \n \n (\n \n \n TSXV:GEMC\n \n \n ) (\n \n \n OTC:GBLEF\n \n \n )\n \n \n (\n \n \n FSE:5GE1\n \n \n )\n \n \n (“Global Energy Metals”, the\n“Company” and/or “GEMC”)\n \n \n , a\nmulti-jurisdictional, multi-commodity critical mineral exploration and\ndevelopment company focused on growth-oriented battery metal projects\nsupporting the global transition to clean energy, announces that\nfurther to the Company's\n \n \n \n \n news release dated\nDecember 19, 2022\n \n \n \n \n \n ,\n \n \n \n \n \n January 16,\n2023\n \n \n \n \n \n and\n \n \n \n \n \n January 27,\n2023\n \n \n \n \n \n , that it has\nelected to exercise its right under the terms of the repriced warrants\n(“the Warrants”) governing the common share purchase warrants of\nthe Company issued pursuant to three non-brokered private placements\nthat closed in September 2020, May 2021 and March 2022 (the\n“Eligible Warrants”).\n \n \n \n \n \n Pursuant to the repricing, in the event the Company's\nshare price closed at a price of CAD$0.10 per share for a period of 10\nconsecutive trading days on the TSX Venture Exchange, the Company may\naccelerate the term of the Eligible Warrants to a period of 30 days\ncommencing 7 days after the last premium trading day with notice given\nto the warrant holders in writing or by news release.\n \n \n \n \n As of February 7, 2023, the closing price of the\nCompany's common shares has traded in excess of CAD$0.10 for at least\n10 consecutive trading days. Accordingly, the expiry date of the\nWarrants is accelerated to March 15, 2023 (the \"Accelerated\nExpiry Date\").\n \n \n \n \n Any Warrants that remain unexercised by 4:00 p.m.\n(Pacific Time) on the Accelerated Expiry Date will expire and be\ncancelled.\n \n \n \n \n \n The Company wishes to remind holders of\nEligible Warrants of its early warrant exercise incentive program (the\n“Program”) intended to encourage the early exercise of up to\n 13,506,500 share purchase warrants (the &#x...