Green, Clean, Reduce, Reuse, Recharge! GREEN BATTERY MINERALS Increases Size of its Non-Brokered 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
Green, Clean, Reduce, Reuse, Recharge!
GREEN BATTERY MINERALS
Increases Size of its Non-Brokered Private Placement
November 16, 2021, VANCOUVER, B.C. Green Battery Minerals Inc. (“Green Battery” or the
“Company”) (TSX-V: GEM, FSE: BK2P, WKN: A2QENP OTC: GBMIF) is pleased to announce that
it has increased the size of its previously announced financing described in its news release of November
9, 2021. The Company previously disclosed that it would issue up to 3,500,000 flow-through units (the “FL
Units”) at a price of $0.15 per FL Unit, for gross proceeds of $525, 000. Due to increased demand, the
Company today announces that it has increased the number of FL Units to be issued, such that it will issue
up to 13,500,000 FL Units for gross proceeds of up to $2,025,000 (the “Offering”).
Each FL Unit will consist of one common share in the capital of the Company that is issued on a flow-
through basis in accordance with the Income Tax Act (Canada) (each, a “ FL Share”) and one half of one
share purchase warrant (each whole warrant, a “Warrant”), with each Warrant entitling the holder thereof
to purchase one (non-flow-through) common share in the capital of the Company (each, a “ Warrant
Share”) at a price of $0.20 per Warrant Share for a period of twenty four months following issuance.
The proceeds from the Offering are expected to be used for Canadian exploration expenses and will qualify
as flow-through mining expenditures, as defined in Subsection 1 27(9) of the Income Tax Act (Canada),
which will be renounced to the subscribers with an effective da te no later than December 31, 2021, to the
initial purchasers of the FL Units in an aggregate amount not l ess than the gross proceeds raised from the
issue of the flow-through shares, as applicable, and, if the qu alifying 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 e xploration/drill program and reports for a
planned PEA for the Berkwood Graphite project.
Finder’s fees and commissions will be payable in connection wit h the Offering in accordance with the
policies of the TSX Venture Exchange (the “ Exchange”). All securities issued in connection with the
Offering will be subject to a statutory hold period expiring fo ur months and one day after closing of the
Offering. Completion of the Offe ring is subject to a number of conditions, including, without limitation,
receipt of all regulatory approvals, including approval of the Exchange.
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None of the securities to be issued in connection with the Offe ring will be or have been registered under
the United States Securities Act of 1933, as amended (the “1933 Act”), and none may be offered or sold in
the United States absent registration or an applicable exemptio n from the registration requirements of the
1933 Act. This press release is being issued pursuant to Rule 135c of the 1933 Act and shall not constitute
an offer to sell or a solicitation of an offer to buy, nor shal l there be any sale of the securities, in any state
where such offer, solicitation or sale would be unlawful.
About the Company: Green Battery Minerals is managed by a team with over 150 years of collective
experience with a proven track record of not just finding numerous mines but building and operating them
as well. The Green Battery Minerals management team’s most recent success is discovering the Berkwood
graphite deposit in Northern Québec. Green Battery Minerals owns 100% of this asset and the Company’s
shareholders will benefit from this asset as the demand for gra phite for electric vehicles increases
significantly.
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 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 prices; our
specific plans and timing drilling, field work and other plans may change; we ma y not have access to or be able to
develop any minerals because of cost factors, type of te rrain, or availability of e quipment 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 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 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 release.