Global Battery Metals Announces Private Placement
Global Battery Metals Announces Private
Placement
Vancouver, British Columbia--(Newsfile Corp. - January 25, 2021) - Global Battery Metals Ltd.
(TSXV:
GBML
) (OTCQB:
REZZF
) (FSE:
REZ
) (the "Company" or "GBML") announces the terms of a non-
brokered private placement (the "Offering") of up to 1,416,667 units (the "Units") at a price of $0.12 per
Unit for gross proceeds of up to $170,000. Each Unit will be comprised 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 from the date of issuance.
The net proceeds of the Offering are expected to be used for project evaluation and general corporate
purposes. The Offering is subject to the acceptance of the TSX Venture Exchange, and securities issued
pursuant to the Offering will be subject to a statutory four month hold period.
About Global Battery Metals Ltd.
GBML 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, OTCBB
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 Exploration 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
E:
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking information within the meaning of the applicable Canadian
securities legislation. Forward-looking information in this press release includes, but is not limited to,
statements about the Offering generally, including the number of Units to be issued , the use of proceeds
received therefrom, and the receipt of applicable regulatory approvals including the approval of the TSX-
V, and statements about the Company's assets. These statements are based on information currently
available to the Company and the Company provides no assurance that actual results will meet
management's expectations. In certain cases, forward-looking information may be identified by such
terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would".
These forward-looking statements are subject to numerous risks and uncertainties, certain of which are
beyond the control of the Company, including, but not limited to, impacts arising from the global
disruption caused by the Covid-19 coronavirus outbreak, fluctuations in general macroeconomic
conditions; receipt of applicable regulatory approvals including TSX-V conditional approval of the
Offering, availability of financing, the potential for gold and/or lithium at any of the Company's properties,
the prospective nature of any claims comprising the Company's property interests, the impact of general
economic conditions, industry conditions, dependence upon regulatory approvals, uncertainty of sample
results, timing and results of future exploration. Please refer to the Company's MD&A for the year ended
April 30, 2020 and other disclosure documents filed under its profile on SEDAR for other risks that could
materially affect the Company. These and other factors should be considered carefully, and readers
should not place undue reliance on the Company's forward-looking information. The Company does not
undertake to update any forward-looking information that may be made from time to time by the
Company or on its behalf, except in accordance with applicable securities laws.
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.
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES
OR DISSEMINATION IN THE UNITED STATES
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https://www.newsfilecorp.com/release/72698