Global Battery Metals Announces Approval and Closing of Non-Brokered Private Placement Financing
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Global Battery Metals Announces Approval and Closing of Non-Brokered
Private Placement Financing
February 8, 2021, Vancouver, British Columbia – Global Battery Metals Ltd. (the “Company” or “GBML”) (TSXV:
GBML; OTCQB: REZZF; Frankfurt: REZ) further to its January 25, 2021 news release, the Company announces that
it has received approval from the TSX-Venture Exchange to close its non-brokered private placement financing.
The Company will issue 1,416,667 units (the “Units”) for aggregate proceeds of at $170,000. Each Unit consisting
of one common share of the Company (“Common Share”) and one Common Share purchase warrant (a
“Warrant”); each Warrant will entitle the holder to purchase one additional Common Share at a price of $0.18
per share for a period of two years being February 8, 2023.
All securities issued pursuant to the financing are subject to a four -month hold period of June 9, 2021 before
they can be traded.
The net proceeds of the Offering are expected to be used for project evaluation and general corporate purposes.
About Global Battery Metals Ltd.
GBML (https://www.gbml.ca ) is a mineral exploration company with a focus on metals that make up and support
the rapid evolution to battery power. GBML's common shares are listed on the TSX Venture Exchange, OTC QB
and Frankfurt. GBML currently has two projects: (1) an option to acquire up to 90 per cent of the North -West
Leinster lithium property in Ireland, and (2) a 55 % stake in Peru -based Lara copper property, which has over
10,000 metres of drilling. As previously disclosed, Minsur S.A., a Peruvian mining company, entered into an
option agreement with GBML and Lara Exp loration Ltd. to acquire the Lara property for staged payments of
US$5.75 million. GBML will retain a 0.75% net smelter royalty.
Michael Murphy BA, MBA, MSc., ICD
President & CEO
PH: 604-649-2350
NEITHER THE TSX -V NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX- V) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE. NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY
AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.