Global Energy Metals Announces Successful Closing of the Early Warrant Incentive Program

About this update from Global Energy Metals Corp

[{"type":"text","content":"Global Energy Metals Announces Successful Closing of the Early 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 \n \n \n \n \n \n \n \n Vancouver, BC - TheNewswire - March 1, 2023 -\n \n \n \n \n Global\nEnergy Metals Corporation\n \n \n \n \n \n (\n \n \n \n \n \n TSXV:GEMC\n \n \n \n \n \n )\n \n \n \n \n (\n \n \n \n \n \n OTC:GBLEF\n \n \n \n \n \n )\n \n \n \n \n (\n \n \n \n \n \n FSE:5GE1\n \n \n \n \n \n )\n \n \n \n \n (“Global Energy Metals”, the “Company” and/or\n“GEMC\n \n \n \n \n ”)\n \n \n \n , a company involved in the\ninvestment exposure to the battery metals supply chain, is pleased to\nannounce  that, further to its\n \n \n \n \n press release dated\nFebruary 7, 2023\n \n \n \n \n , it has received\ngross proceeds of $582,420 from the exercise of 7,280,250 share\npurchase warrants at $0.08 per share pursuant to its early warrant\nexercise incentive program (the “Program”).\n \n \n \n \n Mitchell Smith, CEO & Director,\ncommented:\n \n \n \n \n “We are pleased with the\nshareholder support and positive outcome of this incentive program.\nWhile strengthening our cash position it also demonstrates investor\nconfidence in the execution of Global Energy’s business plan in\nproviding shareholders investment exposure to the battery metals space\nthrough our strong project and equity based portfolio.”\n \n \n \n \n As an incentive for the early exercise of their share\npurchase warrants, warrant holders received an additional 7,280,250\nnew share purchase warrants (each an “Incentive Warrant”). Each\nIncentive Warrant entitles the holder to purchase one common share of\nthe Company for a period of 12 months from the date of issuance of\nsuch Incentive Warrant, at a price of $0.15. The Incentive Warrants\nare subject to a four month hold period from the date of\nissuance.\n \n \n \n \n The Incentive Warrants are also subject to an\naccelerated expiry if the volume weighted average price of the common\nshares is greater than or equal to $0.20 for any 10 consecutive\ntrading days and, if the Company has given notice, the Incentive\nWarrants will expire 30 days following the date of such notice.\n \n \n \n \n The balance of the warrants not exercised under the\nP...

More updates from Global Energy Metals Corp