Fe Battery Metals Announces Services Agreement With Native Ads Inc and Closes Private Placement

About this update from Linear Minerals Corp.

[{"type":"text","content":" VANCOUVER, BC, Nov. 7, 2022 /CNW/ - FE Battery Metals Corp. (CSE: FE) (\"FE\" or the \"Company) is pleased to announce, effective on November 4th, 2022, that it has entered into a service agreement with Native Ads, Inc. (the \"Agreement\") in connection with a digital advertising campaign, pursuant to which  Native Ads, Inc. will provide the Company with strategic digital media services, marketing and data analytics services. Services include sponsored articles and other advertising development, ad campaign analytics and media buying and distribution services. The digital advertising campaign is planned for the 6 month term of the Agreement, or until budget exhaustion, with a total campaing budget of US$150,000.  The majority of the campaign buget will be disbursed by Native Ads, Inc. in order to satisfy its obligaitons under the Agreement.  Certain functions of Native Ads, Inc. may include \"investor relations activities\" under the policies of the Canadian Securities Exchange and applicable securities laws. Neither Native Ads, Inc. nor any of its directors and officers own any securities of the Company. 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  issuancing  6,666,667 common shares at a price of $0.225 cents per share. A finder's fee of 6% will be 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. 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 OF FIRST ENERGY METALS LTD. \"Gurminder Sangha\"Gurminder Sangha CEO & 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 n...

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