Global Energy Metals Announces Closing of Upsized Private Placement

About this update from Global Energy Metals Corp

[{"type":"text","content":"Global Energy Metals Announces Closing of Upsized Private Placement\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 \n \n \n \n \n \n Vancouver, BC / TheNewswire / July\n22, 2024 / Global Energy Metals Corporation TSXV:GEMC | OTCQB:GBLEF |\nFSE:5GE1 (“Global Energy Metals”, the “Company” and/or\n“GEMC”)\n \n \n , a multi-jurisdictional,\nmulti-commodity critical mineral exploration and development and\nproject generating company focused on growth-oriented projects\nsupporting the global transition to clean energy, is pleased to\nannounce that, further to its news releases dated\n \n \n \n \n July 16,\n2024\n \n \n \n \n \n and\n \n \n \n \n \n July 17,\n2024\n \n \n \n \n \n , it intends to\nclose, subject to TSX Venture Exchange approval, its previously\nannounced upsized non-brokered private placement (the\n\"Offering\" and/or “Private Placement”) of units of the\nCompany (the \"Units\") at a price of $0.03 per Unit. Each\nUnit consists of one common share in the capital of the Company (a\n\"Share\") and one-half of one transferable Share purchase\nwarrant (each whole warrant, a \"Warrant\").  Each Warrant\nentitles the holder thereof to purchase one additional Share (a\n\"Warrant Share\") at a price of $0.05 per Warrant Share for a\nperiod of 24 months from the date of issuance, subject to accelerated\nexpiry as outlined below. The total amount of the Private Placement\nconsists of 21,650,000 Units for aggregate gross proceeds of\n$649,500.\n \n \n \n \n \n \n Commenting on the\nOffering, CEO and President Mitchell Smith said:\n \n \n \n \n \n \n \"\n \n \n \n \n I am very pleased by the response to our\nrecently announced private placement financing. To accommodate several\nexisting strategic investors, we were pleased to increase the offering\nand close on this upsized financing.\"\n \n \n \n \n \n If on any 10 consecutive Trading Days occurring after\nfour months and one day has elapsed from the Closing Date, the daily\nvolume weighted average trading price of the common shares of the\nCompany is at least $0.10 per share, the Company may accelerate the\nexpiry date of the Warrants to the 30th day after the date on which\nthe Company gives notice to the Subscriber in accordance with the\nWarrant of such acceleration.\n \n \n \n ...

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