As a result of the consolidation, the Company's outstanding 89,588,644 common shares will be reduced to 8,958,864 common shares. No fractional shares will be issued. Any fractions of a share will be rounded to the nearest whole number of common shares. The consolidation was approved by the directors
October 15, 2024, MONTREAL, QC, Green Battery Minerals Inc. (“Green” or the “Company”)
(TSX-V: GEM, FSE: BK2P, WKN: A2QENP OTC: GBMIF) is pleased to announce that effective
Thursday, October 17, 2024 at market open, the Company will consolidate its common shares on the basis
of one (1) new post-consolidation common share for every ten (10) pre-consolidated common shares. There
will be no change in name or change in trading symbol.
As a result of the consolidation, the Company's outstanding 89,588,644 common shares will be reduced to
8,958,864 common shares. No fractional shares will be issued. Any fractions of a share will be rounded
to the nearest whole number of common shares. The consolidation was approved by the directors and
accepted by the TSX Venture Exchange. It is the opinion of the Board of Directors of the Company that the
share capital consolidation will facilitate new equity investments into the Company.
Registered shareholders will be required to exchange their share certificates representing pre-consolidation
common shares for new share certificates representing post -consolidation common shares. Registered
shareholders will be sent a transmittal letter from the Company's transfer agent, Computershare Investor
Services Inc., as soon as practicable after the effective date of the consolidation. The letter of transmittal
will contain instructions on how certificate(s) representing pre-consolidation shares may be surrendered to
Computershare Investor Services Inc. The transfer agent will forward to each registered shareholder who
has provided the required documents a new share certificate or DRS Advice representing the number of
post-consolidation common shares to which the shareholder is entitled. Until surrendered, each certificate
representing pre-consolidation common shares of the Company will be deemed for all purposes to represent
the number of whole post -consolidation common shares to which the holder is entitled as a result of the
consolidation.
On Behalf of the Board of Directors
Green Battery Minerals lnc.
‘Thomas Yingling’
President, CEO & Director
2200 – 1250 Rene Levesque Blvd.
Montreal, QC, H3B 4W8
Phone: (438) 469-0705
FOR MORE INFORMATION, PLEASE
CONTACT:
[email protected] or 1-604-343-7740
Website: www.greenbatteryminerals.com
Disclaimer for Forward -Looking Information: Certain statements in this document that are not purely historical are forward- looking statements,
including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Forward- looking statements in this news release
include the following: The Company will carry out the drill program described in this news release, conduct the Offering, and expend funds on Berkwood
Graphite Project exploration. It is important to note that the Company's actual business outcomes and exploration results could differ materially from
those in such forward-looking statements. Risks and uncertainties include that further permits may not be granted timely or at all; the mineral claims may
prove to be unworthy of further expenditure; there may not be an economic mineral resource; methods we thought would be effective may not prove to
be in practice or on our claims; economic, competitive, governmental, environmental and technological factors may affect the Company's operations,
markets, products and pri ces; our specific plans and timing drilling, fieldwork and other plans may change; we may not have access to or be able to
develop any minerals because of cost factors, type of terrain, or availability of equipment and technology; and we may also not raise sufficient funds to
carry out our plans. Additional risk factors are discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis
for its recently completed fiscal period, which is available under the Company's SEDA R profile at www.sedar.com. No assurance can be given that any
of the events anticipated by the forward- looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These
forward-looking statements reflect management's current views and are based on certain expectations, estimates, and assumptions, which may prove
to be incorrect. Except as required by law, we will not update these forward- looking statement risk factors.
Neither 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 News Release.
#1100 - 1111 Melville Street,
Vancouver, BC, V6E 3V6
Phone: (604) 343-7740