Global Battery Metals Corporate Update
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Global Battery Metals Corporate Update
February 8, 2021, Vancouver, British Columbia – Global Battery Metals Ltd. (the “Company” or “GBML”) (TSXV:
GBML; OTCQB: REZZF; Frankfurt: REZ) today announced that over the course of the last two weeks, the Company
has received approximately $1.1 million in gross proceeds from the exercise of 6,474,122 previously issued share
purchase warrants and stock options.
A total of 10,665,111 warrants, each exercisable at a price of $0.15, remain outstanding, and a total of 1,168,750
warrants, each exercisable at a price of $0.24, remain outstanding.
"I am extremely pleased to report that the Company received these proceeds ," commented Mr. Murphy,
President and CEO. "The capital gives us increased flexibility in any other growth opportunities.”
Since insiders of the Company acquired shares through the exercise of warrants and stock options, this is
considered to be a “related party transaction” purs uant to Multilateral Instrument 61 -101 – Protection of
Minority Security Holders in Special Transactions (“MI 61 -101”). However, the Company is exempt from the
requirements to obtain a formal valuation or minority shareholder approval in connection with th e insiders’
participation in reliance of Sections 5.5(b) and 5.7(1)(a) of MI 61-101.
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 % of the North -West Leinster lithium property in
Ireland, and (2) a 55 % stake in Peru -based Lara copper property, which ha s 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
P: 604-649-2350
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.