Global Battery Metals Announces DTC Eligibility of its Common Shares in the United States
Global Battery Metals Announces DTC Eligibility
of its Common Shares in the United States
October 24, 2019 - News Release Vancouver, British Columbia – Global Battery Metals Ltd. (the
‘Company’) (TSX-V: GBML) is pleased to announce that the Company's common shares traded in the United
States, under the symbol REZZF on the OTCQB Venture exchange, are now Depository Trust Company (“DTC”)
eligible.
DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic
clearing and settlement of publicly traded companies. DTC is a member of the U.S. Federal Reserve System, a
limited-purpose trust company under New York State banking law, and a registered clearing agency wit h the
U.S. Securities and Exchange C ommission. Securities that are eligible to be electronically cleared and settled
through DTC are considered to be “DTC eligible”. DTC services provide simplification, convenience, and cos t
benefits for investors and brokers trading Canadian securities in the United States.
Michael Murphy, Chief Executive Officer of the Company, commented that:
“We are very pleased to have obtained DTC eligibility , this status will greatly simplify the proc ess of investors
and brokers trading and exchanging our stock in the United States.”
In addition to trading in the Unit ed States, Global Battery’s shares continue to trade on the TSX Venture
Exchange (TSXV: GBML).
Michael Murphy BA, MBA, MSC., ICD President & CEO
P: 1 604 649 2350
Neither the TSX Venture Exchange nor i t's Regulation Service s Provider (as that term d efined in the policies of the TS X
Venture Exchange) accept responsibility for the adequacy and/or accuracy of this release.
Certain statements made in this press release contain forward -looking information within the meaning of applicable
securities laws ( “forward-looking statements ”). The words “anticipates,” “believes,” “expects,” will,” a nd s imilar
expressions are often intended to identify forward-looking statements, although not all forward-looking statements contain
these identifying words. Specific forward- looking statements contained in this news release include, but are not limited t o,
statements with respect to ou r belief that the Company’s common shares being DTC eligible will simplify the process to
trade such comm on shares in the United States, and that the liquidity and trading volumes of the Company’s common
shares will be posit ively impacted by the DTC eligib ility, as well as the future benefits provided to the Company and its
shareholders, including with respect to future improvements to overall liquidity. These statements are based on factors or
assumptions that were applied in drawing a conclusion or making a forecast or projection, including assumptions based on
historical trends, current conditions and expected future developments. Since forward -looking statements relate to future
events and conditions, by their very nature they require making assumptions and involve inherent risks and uncertainties.
The Company cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks
and uncertainties give rise to the possibility that actual results may differ materially f rom the expectations set out in the
forward-looking statements. Material risk factors include those set o ut in the Company's most recent MD&A, future capital
requirements and dilution; intellectual property protection and in fringement risks; competition (including potential for
generic competition); reliance on key management personnel; the Company’s ability to implement its business plan; the
Company’s ability to leverage its United States and Canadian infrastructure to prom ote additional growth, and the
potential benefits the Company expects to derive therefrom . Given these risks, undue reliance should not be placed on
these forward-looking statements, which apply only as of the date hereof. Other than as specifically requir ed by law, the
Company undertakes no obligation to update any forward -looking statements to reflect new information, subsequent or
otherwise.