United Battery Metals Corp. Welcomes Aman Parmar to Board of Directors and Announces Closing of Private Placement
For Immediate Release
/ THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
FOR DISSEMINATION IN THE UNITED STATES /
UNITED BATTERY METALS CORP. WELCOMES AMAN PARMAR TO BOARD OF
DIRECTORS AND ANNOUNCES CLOSING OF PRIVATE PLACEMENT
VANCOUVER, BRITISH COLUMBIA, CANADA, September 9, 2 020, United Battery Metals Corp.
(CSE:UBM; OTC: UBMCF; FWB: 0UL) (“ UBM ” or the “ Company ”) is pleased to announce that Aman
Parmar has joined its board of directors. In additi on, the Company announces that it has completed its
previously announced private placement (the “ Private Placement ”).
New Director
The Company wishes to welcome Aman Parmar to its bo ard of directors effective immediately. Mr.
Parmar's corporate experience includes over 12 years’ working with both public and private companies in
the resources, health care, manufacturing, cannabis and real estate sectors. He has extensive experience in
the capital markets and has been involved in corpor ate restructuring and financing for both public and
private companies. He obtained a Chartered Accounta nt designation in 2012 and holds a Bachelor of
Technology in Accounting from the British Columbia Institute of Technology.
Private Placement
In connection with the closing of the Private Placement, the Company has issued an aggregate of 6,028,505
common shares (the “Common Shares ”) at a price of $0.35 per Common Share, raising total gross proceeds
of $2,109,976.75.
The Company intends to use the proceeds of the Private Placement for working capital, general corporate
purposes, and to have cash on hand to fund potential future asset acquisition opportunities.
The Company paid to arm’s length, licensed securiti es dealers (the “ Finders”) cash commissions
totalling $60,379.20 and issued an aggregate of 172 ,512 finder’s warrants (the “ Finders’ Warrants ”) ,
whereby each Finder’s Warrant is convertible into a Common share in the capital of the Company at an
exercise price of $0.35 until September 9, 2022. Th e cash commission is equal to 6% of a portion of th e
funds raised in the Private Placement and the number of Finder’s Warrants is equal to 6% of the Common
Shares purchased by certain investors.
All securities issued in connection with the Privat e Placement are subject to a statutory hold period of
four months from the date of issuance expiring January 10, 2021, in accordance with applicable securities
legislation and the policies of the Canadian Securi ties Exchange (the “ CSE ”). Completion of the Private
Placement remains subject to the approval of the CSE.
ON BEHALF OF THE BOARD OF DIRECTORS
“Michael Dehn” “Faizaan Lalani”
Chief Executive Officer Chief Financial Officer
For further information, please contact the Company at: 778-233-3537
The CSE does not accept responsibility for the adequacy or accuracy of this release.
This news release includes forward-looking statemen ts that are subject to risks and uncertainties. All
statements within, other than statements of historical fact, are to be considered forward-looking, including
all statements in regards to the Company’s intended use of funds raised by the Private Placement and with
respect to the Company’s search for suitable additional mineral properties. Although the Company believes
the expectations expressed in such forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results or developments may differ
materially from those in forward-looking statements ; in this regard, there is a risk that the Private
Placement may not be completed as contemplated, or at all, and that the Company may not be able to
identify or acquire any additional mineral properti es. Factors that could cause actual results to diff er
materially from those in forward-looking statements include market prices, exploitation and exploratio n
successes, obtaining necessary approval from the CSE, continued availability of capital and financing, and
general economic, market or business conditions. Th ere can be no assurances that such statements will
prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainti es.
We do not assume any obligation to update any forwa rd-looking statements except as required under the
applicable laws.