Green Battery Closes Flow Through Private Placement
TSX-V: GEM
2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8
Phone: (438) 469-0705
#1100 - 1111 Melville Street, Vancouver, BC, V6E 3V6
Phone: (604) 343-7740
Email: [email protected]
Website: www.greenbatteryminerals.com
GREEN BATTERY CLOSES FLOW THROUGH PRIVATE PLACEMENT
May 2 7th, 2021, VANCOUVER, B.C. Green Battery Minerals Inc. (TSX-V: GEM, FSE: BK2P, WKN:
A2QENP, OTCQB: GBMIF) (“Green Battery” or the “Company”) announces that further to its press release
dated May 10, 2021, the Company has closed its financing and will issue a total of 2,212,000 flow-through units at a
price of $0.25 for gross proceeds of $ 553,000. Each unit will consist of one flow -through common share and 1/2
warrant, each whole warrant exercisable for one common share at a price of $0.50 for a period of two years.
A cash finder fee of $39,440 along with the issuance of 157,760 compensation shares has agreed to be paid/issued.
The proceeds from the issuance of the flow -through shares will be used for Canadian exploration expenses and will
qualify as flow-through mining expenditures, as defined in Subsection 127(9) of the Income Tax Act (Canada), which
will be renounced to the subscribers with an effective date no later than Dec. 31, 2022, to the initial purchasers of the
offered securities in an aggregate amount not less than the gross proceeds raised from the issue of the flow-through
shares, as applicable, and, if the qualifying expenditures are reduced by the Canada Revenue Agency, the Company
will indemnify each subscriber for any additional taxes payable by such subscriber as a result of the Company's failure
to renounce the qualifying expenditures as agreed.
Net proceeds will be used for costs associated with the continued exploration/drill program and reports for a planned
PEA for the Berkwood Graphite project.
The securities to be issued will be legend with the required four months plus one day hold period from issuance.
About the Company: Green Battery Minerals is managed by a team with over 150 years collectively with a proven
track record of not just finding numerous mines but building and operating them too. The Green Battery Mineral
management team’s most recent success is the discovery of the Berkwood Graphite resource in Northern Quebec.
Green Battery Mineral owns this asset 100 percent and the Company’s shareholders should benefit from this asset as
the demand for Graphite for electric vehicles increases significantly.
On Behalf of the Board of Directors
Green Battery Minerals Inc.
‘Thomas Yingling’
President, CEO & Director
FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations:
or 1-604-343-7740
[email protected] www.greenbatteryminerals.com
Disclaimer for Forward-Looking Information:
Certain statements in this release are forward-looking statements, which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical,
including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance
or developments to differ materially from those contained in the statements. 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.
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 release.