Business
Grid Battery Closes Texas Spring Acquisition in Nevada
(TheNewswire) Coquitlam, BC – July 13, 2023 - Grid Battery Metals Inc. (“...
About this update from Grid Battery Metals Inc
[{"type":"text","content":"Grid Battery Closes Texas Spring Acquisition in Nevada\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 – July 13, 2023 -\nGrid Battery Metals Inc.\n \n \n (“formerly\n \n \n Nickel Rock Resources Inc.”) (the\n“Company” or “Grid Battery”) (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 FRA:NMK2) announces that further to\nits news release dated June 26, 2023, the Company has now closed the\nTransaction to acquire the Texas Spring Property, located in Elko\nCounty, Nevada from Springfield Land Limited Liability\n(“Springfield”).  The Company and Springfield entered into a\nPurchase and Sale Agreement which Agreement has been accepted by the\nTSX Venture Exchange.\n \n \n \n \n In connection with the closing, the Company has paid\nUS$55,000 and issued 8,000,000 shares of Grid Battery to\nSpringfield.\n \n \n \n \n The Company has also paid finder’s fees in the amount\nof 707,142 shares of the Company.\n \n \n \n \n All shares issued in connection with the Transaction\nand the finder’s fee will be subject to a four‐month and a day\nhold period expiring on November 14, 2023 in accordance with\napplicable Canadian Securities Laws.\n \n \n \n \n Qualified Person as Defined Under\nNational Instrument 43-101\n \n \n \n \n Alan J. Morris, CPG\n \n \n of Spring\nCreek, Nevada, a Qualified Person as defined under Nation Instrument\n43-101 has reviewed and approved the technical aspects of this news\nrelease.\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 www.gridbatterymetals.com\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 cla...