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Global Energy Metals Announces Repricing of Warrants and Warrant Incentive Program
(TheNewswire) Vancouver, BC - TheNewswire - December 19, 2022 - Global Energy Metals Corpor...
About this update from Global Energy Metals Corp
[{"type":"text","content":"Global Energy Metals Announces Repricing of Warrants and Warrant 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 -\nDecember 19, 2022 - Global Energy Metals Corporation\n \n \n (\n \n \n TSXV:GEMC\n \n \n )\n \n \n (\n \n \n OTC:GBLEF\n \n \n ) (\n \n \n FSE:5GE1\n \n \n )\n \n \n (“Global Energy Metals”, the “Company” and/or\n“GEMC”)\n \n \n , a company involved in investment\nexposure to the battery metals supply chain, announces that it intends\nto reprice an aggregate of 13,506,500 outstanding common share\npurchase warrants (“Warrants”) issued pursuant to three private\nplacements that closed September 2020, May 2021 and March 2022 with\nWarrant expiration dates in September 2023, May 2024, and March 2024\n(the “Warrant Amendments”).\n \n \n \n \n The following is a schedule of the Warrants that are\nproposed to be repriced to $0.08:\n \n \n \n \n \n \n \n \n \n Warrants Outstanding\n \n \n \n \n \n \n Original Warrant Exercise\nPrice\n \n \n \n \n \n \n Amended Warrant Exercise Price\n \n \n \n \n \n \n Expiry\n \n \n \n \n \n \n \n \n Date Issued\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n September 9, 2020\n \n \n \n \n \n \n 1,616,000\n \n \n \n \n \n \n 0.15\n \n \n \n \n \n \n $0.08\n \n \n \n \n \n \n September 8, 2023\n \n \n \n \n \n \n \n \n September 28, 2020\n \n \n \n \n \n \n 2,608,000\n \n \n \n \n \n \n 0.15\n \n \n \n \n \n \n $0.08\n \n \n \n \n \n \n September 27, 2023\n \n \n \n \n \n \n \n \n May 13, 2021\n \n \n \n \n \n \n 3,480,000\n \n \n \n \n \n \n 0.30\n \n \n \n \n \n \n $0.08\n \n \n \n \n \n \n May 12, 2023\n \n \n \n \n \n \n \n \n May 14, 2021\n \n \n \n \n \n \n 920,000\n \n \n \n \n \n \n 0.30\n \n \n \n \n \n \n $0.08\n \n \n \n \n \n \n May 13, 2023\n \n \n \n \n \n \n \n \n March 25, 2022\n \n \n \n \n \n \n 4,220,000\n \n \n \n \n \n \n 0.40\n \n \n \n \n \n \n $0.08\n \n \n \n \n \n \n March 7, 2024\n \n \n \n \n \n \n \n \n March 25, 2022\n \n \n \n \n \n \n 662,500\n \n \n \n \n \n \n 0.40\n \n \n \n \n \n \n $0.08\n \n \n \n \n \n \n March 24, 2024\n \n \n \n \n \n \n \n The Company believes that the repricing of the amended\nWarrants is reasonable and necessary in the context of the overall\nmarket, as it increases the likeli...