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FE Battery Metals Adds to Georgia Lake Claims and Closes Private Placement
VANCOUVER, BC, March 27, 2023 /CNW/ - FE Battery Metals Corp. (CSE: FE) (OTCQB: FEMFF) (WKN: A3D 08G) ("FE" or the "Company) is pleased the Company has increase
About this update from Linear Minerals Corp.
[{"type":"text","content":" VANCOUVER, BC, March 27, 2023 /CNW/ - FE Battery Metals Corp. (CSE: FE) (OTCQB: FEMFF) (WKN: A3D 08G) (\"FE\" or the \"Company) is pleased the Company has increased its land claim holdings in the Georgia Lake area in Northwestern Ontario. With the recent addition of approximately 3,000 hectares FE Battery Metals now holds 18,000 hectares in the Georgia Lake area. For additional information on the initial acquisition please refer to the news release dated March 16, 2023. In addition, the Company has closed a non-brokered private placement for aggregate gross proceeds of $ 1,500,000 ( the \"Private Placement\") The Private Placement consisted of issuing 3,000,000 common shares at a price of $0.50 cents per share. No finder's fee was paid in connection with the above-noted private placement. The Company intends to use the net proceeds from the private placement to finance exploration work on its Augustus Lithium property, along with general working capital purposes. The final closing of the private placement is subject to obtaining all required approvals, including from the CSE, and any other regulatory approval. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. ON BEHALF OF THE BOARD OFFIRST ENERGY METALS LTD. \"Gurminder Sangha\"Gurminder SanghaCEO & Director Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release and has neither approved nor disapproved the contents of this news release. Forward-looking Information Except for the statements of historical fact, this news release contains \"forward-looking information\" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. \"Forward-looking information\" in this news release includes information about the Agreement, as well as the Company's intentions, plans and future actions of the parties to the transactions described herein and the terms thereon. Risk factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not li...