Enerev5 Metals Updates Private Placement
Enerev5 Metals Updates Private Placement
Toronto, Ontario--(Newsfile Corp. - June 10, 2022) - Enerev5 Metals Inc. (TSXV: ENEV) (OTCQB:
ENEVF) (the "Company") announces that the TSX Venture Exchange has granted an extension of up to
30 days for completion of the balance of the Company's brokered private placement through IBK Capital
Corp. of up to $500,000 of units first announced on March 8, 2022. Each unit is priced at $0.05 and
consists of one common share and one common share purchase warrant.
Each common share
purchase warrant entitles the holder to acquire one additional common share at a price of $0.10 for a
period of 24 months from the closing date.
To date, the Company has completed three tranches of the
private placement raising gross proceeds of $215,500 from the sale of 4,310,000 units.
About Cobalt Blockchain Inc.
Enerev5 Metals Inc. (TSXV: ENEV) (OTCQB: ENEVF) is a Canadian resource company focusing on
exploration and development potential, related to energy metals such as cobalt, copper and other
strategic battery minerals, as well as other net zero related assets. ENEV is committed to exploration
and development programs contributing towards net zero carbon and a sustainable energy future.
For more information on the Company, investors should review the Company's filings at
www.sedar.com
.
For additional information, please contact:
Peter Copetti
Executive Chairman and CEO
Enerev5 Metals Inc.
Telephone: +1-416-519-4009
Email:
Website:
www.enerev5.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
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