Green Battery Minerals Inc. - Private Placement Raises $2,113,000
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
April 14, 2021 TSX-V SYMBOL: GEM
Green Battery Minerals Inc. - Private Placement Raises $2,113,000
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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) announces that it has received final approval from the
TSX-V to close a private placement for proceeds of $2,113,000. A total of 10,565,000 units (the “Units”) have been
subscribed for at a price of $0.20 per Unit, each Unit consisting of one (1) common share and one warrant exerciseable
for two years at $0. 50. The term of the warrants issued may be accelerated by the Company in the event that the
Company’s shares trade at or above $1.00 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 agreed to pay commissions of 8% cash and 8% warrants.
Insiders have participated in the private placement as to 200,000 Units ($40,000). This participation constitutes a
“related party transaction” within the meaning of Multilateral Instrument 61‐ 101 Protection of Minority Security
Holders in Special Transactions (“MI 61‐101”), however it is exempt from the valuation and minority shareholder
approval requirements of MI 61‐101 by virtue of the exemptions contained in Sections 5.5(a) and 5.7(a) of MI 61‐101,
in that the fair market value of the shares purchased by the insiders does not exceed 25% of the Company’s market
capitalization and the Company’s shares are listed on the TSX Venture Exchange.
Proceeds of the private placement will be used for working capital and continued exploration on the Company’s
properties including:
1. Potential Major drill program intended to expand our proven graphite resource.
2. Impact Assessment Report.
3. Pursuing commercial arrangements with major graphite consumers.
The securities have now been issued having a hold period expiring August 15, 2021.
ON BEHALF OF THE BOARD
Thomas Yingling,
President and Director
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.