Patriot Files Final Base Shelf Prospectus

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[{"type":"text","content":"\n \n \n \n Patriot Files Final Base Shelf Prospectus\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n July 23, 2024\n \n \n /CNW/ -\n \n \n July 24, 2024\n \n –\n \n Sydney, Australia\n \n \n \n \n Patriot Battery Metals Inc. (the \"Company\" or \"Patriot\") (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) announces that it has obtained a receipt for a final short form base shelf prospectus further to its filing of a preliminary short form base shelf prospectus, previously announced on\n \n July 11, 2024\n \n . Both documents have been filed with the securities regulatory authorities in each of the provinces of Canada.\n \n \n In\n \n Canada\n \n , the use of a base shelf prospectus is customary practice as it allows companies to undergo applicable Canadian regulatory review process before commencing any offer of securities. Importantly, and generally speaking, securities issued under a shelf prospectus supplement filed under a base shelf prospectus are not subject to a four month mandatory hold period in\n \n Canada\n \n . As there are only limited scenarios where ASX applies hold periods for issues of securities, for dual TSX-ASX listed Canadian issuers, filing a base shelf prospectus (which is effective for a period of 25 months from the date it becomes final) broadly facilitates alignment for issues of shares across the ASX and TSX.\n \n \n \n The Company has no immediate plans to issue securities under the base shelf prospectus\n \n , and may never issue any securities under this prospectus. The terms of any security offer will be made subject to applicable securities laws and depending on the final structure and size of any security offer, the Company may require shareholder approval under the ASX Listing Rules.\n \n \n Patriot has filed this base shelf prospectus in order to provide the Company with greater financial flexibility going forward (and broadly facilitating alignment for the process to issue shares on the TSX to that provided on the ASX), but\n \n has not\n \n entere...

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