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Global Energy Metals Reminds Warrant Holders of the Previously Announced Early Exercise Incentive Program and Notice of Early Expiry of All Remaining Warrants
(TheNewswire) Vancouver, BC - TheNewswire - February 21, 2023 - Global Energy M...
About this update from Global Energy Metals Corp
[{"type":"text","content":"Global Energy Metals Reminds Warrant Holders of the Previously Announced Early Exercise Incentive Program and Notice of Early Expiry of All Remaining Warrants\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 Vancouver, BC - TheNewswire - February 21, 2023 -\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 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, would like to\nprovide a reminder of the\n \n \n \n \n notice provided on\nFebruary 7, 2022\n \n \n \n \n (“February Press\nRelease”) of the accelerated expiry of the Company’s share\npurchase warrants (the “Warrants”). As announced in the February\nPress Release, the expiry of the Warrants is being accelerated to\n4:00pm (Pacific Time) on March 15, 2023.\n \n \n \n \n Please note, any Warrants that remain\nunexercised by 4:00 p.m. (Pacific Time) on the Accelerated Expiry Date\nwill expire and be cancelled.\n \n \n \n \n The Company wishes to also remind holders of eligible\nwarrants of its early warrant exercise incentive program (the\n“Program”) intended to encourage the early exercise of up\nto 13,506,500 share purchase warrants (the “Eligible\nWarrants\") that were issued pursuant to three non-brokered\nprivate placements that closed in September 2020, May 2021 and March\n2022.\n \n \n \n \n The Program commenced on January 27,\n2023, at 9:00 a.m. PST and will expire on February 27, 2023, at 4:00\np.m. PST (the “Early Exercise Expiry Date”).\n \n \n \n \n Under the Program, holders of Eligible Warrants who\nelect to exercise their Eligible Warrants at the price of $0.08 per\nEligible Warrant before the Early Exercise Expiry Date will\nreceive:\n \n \n \n \n \n \n common shares in the capital of the Company to which\nthey are otherwise entitled under the terms of the Eligible Warrants;\nand\n \n \n \n \n \n \n one additional common share purchase warrant of the\nCompany (each, an \"Incentive Warrant\") en...