Business
Global Energy Metals Closes Tranche Two of Oversubscribed Financing; Raises $1.1 Million in Total
(TheNewswire) Vancouver, BC - TheNewswire - May 14, 202 1 - ...
About this update from Global Energy Metals Corp
[{"type":"text","content":"Global Energy Metals Closes Tranche Two of Oversubscribed Financing; Raises $1.1 Million in Total\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n Vancouver, BC - TheNewswire - May 14, 202\n \n \n 1\n \n \n -\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 \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 “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 the closing of the second tranche (the “Second Tranche”)\nof its non-brokered private placement for total gross proceeds of\n$230,000, further to its\n \n \n \n \n May 6, 2021 news\nrelease\n \n \n \n \n .  Combined with the closing\nof the first tranche of its non-brokered private placement, Global\nEnergy Metals raised a total of CAD$1,100,000 in gross proceeds (the\n“Offering”).\n \n \n \n \n Mitchell Smith, President and CEO\ncommented:\n \n \n \n \n “\n \n \n \n Closing this oversubscribed private\nplacement has placed Global Energy Metals in a strong position to push\nforward with aggressive exploration programs in Nevada and Idaho, two\nof the most prospective mining jurisdictions in the United States.\n We look forward to continuing our bold approach to value creation as\nwe pursue high-grade battery metal discoveries while demand for secure\nsupply of these critical raw materials accelerates in the global shift\ntowards a low-carbon economy.\n \n \n \n ”\n \n \n \n \n The company sold 920,000 Units in respect of the\nclosing of the Second Tranche. In total for the Offering, the Company\nsold 4,400,00 units (a “Unit”) at a price of $0.25 per Unit, where\neach Unit consists of one common share (a “Common Share”) of the\nCompany and one transferable common share purchase warrant (a\n“Warrant”) of the Company, where each Warrant entitles the holder\nto purchase one Common Share within two years of each respective\ntranche closing date at a price of $0.30 per Common Share, subject to\nacceleration.\n \n \n \n \n Closin...