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GLOBAL ENERGY METALS Closes Second and Final Tranche of Private Placement
(TheNewswire) Vancouver, BC / TheNewswire / March 25, 2022 / Glob...
About this update from Global Energy Metals Corp
[{"type":"text","content":"GLOBAL ENERGY METALS Closes Second and Final Tranche of Private Placement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n Vancouver, BC / TheNewswire / March 25, 2022 /\n \n \n \n \n Global Energy Metals\nCorporation\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 \n \n \n \n \n OTC:GBLEF\n \n \n \n \n \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\n“Company” and/or “GEMC\n \n \n \n \n ”),\n \n \n \n \n a company involved in investment exposure to the battery\nmetals supply chain, is pleased to announce that, further to the March\n7th, 2022 news release announcing the closing of the first tranche of\nthe Private Placement (the \"Private Placement\"), it has\nclosed the second and final tranche (the \"Second Tranche\")\nof a non-brokered private placement for aggregate gross proceeds of\n$165,625, subject to final acceptance of the TSX Venture Exchange.\n \n \n \n \n \n \n In total, 4,882,500 Units were issued\nfor both tranches of the Private Placement, for aggregate gross\nproceeds of C$1,220,625.\n \n \n \n \n \n Global Energy Metals CEO and\nPresident Mitchell Smith commented:\n \n \n \n \n \"\n \n \n \n We are very pleased to have completed this\noversubscribed private placement. The placement was oversubscribed by\na total of $220,625 above the original goal of $1 million. The\nadditional interest in this placement signifies the continually\nincreasing interest in not only the battery metals market but Global\nEnergy itself. With the financing closed the companies' technical team\ncan continue to advance our Nevada-based Lovelock and Treasure Box\nprojects and all exploration planned for 2022.\n \n \n \n \"\n \n \n \n \n \n The net proceeds of the Private\nPlacement will be directed toward further exploration and development\nof its battery mineral properties with a focus on the Lovelock Mine\nand Treasure Box projects in Nevada, USA.  Funds will also be used to\nsupport potential future acquisitions as well as for general corporate\nand working capital purposes allowing for ongoing growth strategy\nexecution.\n \n \n \n \n \n \n The Second Tranche of the Private\nPlacement consists of the issuance of 662,500 units of the Company\n(each a \"Unit...