Green Battery Minerals Inc. - Private Placement
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
July 28, 2023 TSX-V SYMBOL: GEM
Green Battery Minerals Inc. - Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR
DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
PRIVATE PLACEMENT
Green Battery Minerals Inc. (the “ Company”) (TSX-V: GEM, FSE: BK2P, WKN: A2QENP OTC: GBMIF)
announces it has received conditional acceptance to two separate financings:
$500,000: 10,000,000 Units at a price of $0.05, each unit consisting of one common share and one warrant
exerciseable at $0.10 for three years, subject to the right to be accelerated by the Company in the event that its shares
trade at or above $0.25 for a period of 10 consecutive days. In such case of accelerated warrants, the Company may
give notice, in writing or by way of news release, to the holders that the warrants will expire 30 days from the date of
providing such notice.
$1,000,000 Flow-Through: 14,285,714 flow-through units at a price of $0.07, each unit consisting of one
flow-through common share and ½ warrant exerciseable at $0.10 for a three -year period, subject to the right to be
accelerated by the Company in the event that its shares trade at or above $0.25 for a period of 10 consecutive days.
In such case of accelerated warrants, the Company may give notice, in writing or by way of news release, to the
holders that the warrants will expire 30 days from the date of providing such notice.
The Company has been successful and closed a 1st tranche of its flow-through private placement and raised a total of
$550,000.
The Company will apply to the TSX for an extension for an additional thirty days to close the hard dollar financing
and the 2nd tranche of the flow-through financing.
Proceeds of the private placement will be used for working capital and continued exploration on the Company’s
properties.
A finder’s fee may be payable in accordance with the policies of the TSX Venture Exchange.
On Behalf of the Board of Directors
GREEN BATTERY MINERALS LNC.
‘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 document which 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 that the Company will carry out the drill program described in this news release, conduct the Of fering and expend funds on
Berkwood Graphite Project exploration. It is important to note that the Company’s actual business outcom es 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 prices; our specific plans and timing drilling, field work 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 complet ed fiscal period, which is available under Company’s SEDAR
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 inc orrect. 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 release.