Business
Grid Battery Closes Private Placement
(TheNewswire) Coquitlam, BC – TheNewswire - September 21, 2023 - Grid Batter...
About this update from Grid Battery Metals Inc
[{"type":"text","content":"Grid Battery Closes Private Placement\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 \n \n \n Coquitlam, BC –\n \n \n TheNewswire -\n \n \n September 21, 2023 - Grid Battery Metals\nInc.\n \n \n (the “Company” or “Grid\nBattery”) (TSXV:CELL\n \n \n )\n \n \n ,\n \n \n (\n \n \n OTC:EVKRF\n \n \n )\n \n \n ,\n \n \n (\n \n \n FRA:NMK2)\n \n \n announces\n \n \n that it has closed a non-brokered private placement financing\noffering of 4,000,000 units (“Units”) at a price of CAD$0.12 per\nUnit for gross proceeds of CAD$240,000.\n \n \n \n \n Each Unit is comprised of one common share and one\nshare purchase warrant (“Warrant”).  Each Warrant will entitle\nthe holder thereof to purchase one additional common share of the\nCompany at an exercise price of CAD$0.155 per share for a period of\nfive years from closing, subject to TSX Venture Exchange\n(“Exchange”) approval.\n \n \n \n \n The Company also paid finder fees in the amount of\n400,000 shares in connection with the private placement.  The finder\nfees are subject to Exchange approval.\n \n \n \n \n All securities issued in connection with the private\nplacement are subject to a four‐month and a day hold period expiring\non January 22, 2024 in accordance with applicable Canadian Securities\nLaws.\n \n \n \n \n The proceeds of the Private Placement will be used for\nexploration and development and for general working capital\npurposes\n \n \n .\n \n \n \n \n \n \n About\nGrid Battery Metals Inc.\n \n \n \n \n Grid Battery Metals Inc. is a Canadian based\nexploration company whose primary listing is on the TSX Venture\nExchange.  The Company’s maintains a focus on exploration for high\nvalue battery metals required for the electric vehicle (EV) market.\n \n \n \n \n www.gridbatterymetals.com\n \n \n \n \n \n .\n \n \n \n \n \n About Texas Springs Property\n \n \n \n \n The Company owns a 100% interest in the Texas\nSpring Property which consists of mineral lode claims located in\nElko County, Nevada. The Property is in the Granite Range southeast\nof Jackpot, Nevada, about 73 km north-northeast of Wells, Nevada. The\ntarget is a lithium clay deposit in volcanic tuff and tuffaceous\nsediment...