GEMC.V · 2023-08-03 12:00:00

Whole OR IN P Art, IN OR into the United States/ Global Energy Metals Closes Oversubscribed Above- Market Private Placement

Financings

TSX.V GEMC

www.globalenergymetals.com

Suite 1501,

Sun Tower

128 West Pender St. Vancouver,

V6B 1R8

T +1.604.688.4219

TwiGer @EnergyMetals

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE,

PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN

WHOLE OR IN P ART, IN OR INTO THE UNITED STATES/

GLOBAL ENERGY METALS CLOSES OVERSUBSCRIBED ABOVE-

MARKET PRIVATE PLACEMENT

Vancouver, BC / TheNewswire / August 3, 2023 / Global Energy Metals

CorporaOon TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (“Global Energy

Metals” , the “Company” and/or “GEMC”) , a mulK-jurisdicKonal, mulK-

commodity criKcal mineral exploraKon and development company focused on

growth-oriented baGery metal projects supporKng the global transiKon to

clean energy, is pleased to announce that it has closed the previously

announced non-brokered private placement (“Private Placement”).

The Company will issue 3,165,608 shares at a price of C$0.10 per common

share for gross proceeds of C$316,561. All securiKes issued in this closing of

the Private Placement are subject to statutory four month plus a day, hold

periods expiring on December 4, 2023. The Private Placement remains subject

to obtaining ﬁnal approval of the TSX Venture Exchange.

Insiders, including Gleason and Sons LLC, o ﬃcers, and directors of the

Company (collecKvely "Insiders") will parKcipate as to 2,765,608 Common

Shares, which parKcipaKon will consKtute "related party transacKons" for the

purposes of MulKlateral Instrument 61-101, ProtecKon of Minority Security

Holders in Special TransacKons. The Company will rely upon exempKons from

the requirement to obtain a formal valuaKon and seek minority shareholder

approval for the private placement on the basis that the fair market value of

the Insiders' parKcipaKon in the private placement will be less than 25% of

the Company's current market capitalizaKon.

The net proceeds from the sale of the Common Shares will be used for project

evaluaKon and for working capital and general corporate purposes. The

Common Shares will be issued on a private placement basis pursuant to ex-

empKons from prospectus requirements under applicable securiKes laws, and

will be subject to a statutory hold period of four months and one day from the

date of issuance.

No ﬁnder’s fees will be paid in connecKon with the Private Placement.

This news release shall not cons/tute an oﬀer to sell or the solicita/on of an

oﬀer to buy the securi/es in the United States nor shall there be any sale of

the securi/es in any jurisdic/on in which such oﬀer, solicita/on or sale would

be unlawful. The securi/es have not been and will not be registered under the

United States Securi/es Act of 1933, as amended (the "1933 Act"), or any

state securi/es laws and may not be oﬀered or sold in the United States unless

registered under the 1933 Act and any applicable securi/es laws of any state

of the United States or an applicable exemp /on from the registra/on

requirements is available.

For Further InformaOon:

Global Energy Metals CorporaKon

#1501-128 West Pender Street

Vancouver, BC, V6B 1R8

Email: [email protected]

t. + 1 (604) 688-4219

www.globalenergymetals.com

TwiGer: @EnergyMetals | @USBaGeryMetals | @ElementMinerals

Global Energy Metals CorporaOon

(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)

Global Energy Metals Corp. o ﬀers investment exposure to the growing

rechargeable baLery and electric vehicle market by building a diversi ﬁed

global porOolio of explora/on and growth-stage baLery mineral assets.

Global Energy Metals recognizes that the prolifera /on and growth of the

electriﬁed economy in the coming decades is underpinned by the availability

of baLery metals, including cobalt, nickel, copper, lithium and other raw

materials. To be part of the solu /on and respond to this electri ﬁca/on

movement, Global Energy Metals has taken a ‘consolidate, partner and invest’

approach and in doing so have assembled and are advancing a por Oolio of

strategically signiﬁcant investments in baLery metal resources.

As demonstrated with the Company’s current copper, nickel and cobalt

projects in Canada, Australia, Norway and the United States, GEMC is

inves/ng-in, exploring and developing prospec /ve, scaleable assets in

established mining and processing jurisdic/ons in close proximity to end-use

markets. Global Energy Metals is targe/ng projects with low logis/cs and

processing risks, so that they can be fast tracked to enter the supply chain in

this cycle. The Company is also collabora /ng with industry peers to

strengthen its exposure to these cri /cal commodi/es and the associated

technologies required for a cleaner future.

Securing exposure to these cri/cal minerals powering the eMobility revolu/on

is a genera/onal investment opportunity. Global Energy Metals believes Now

is the Time to be part of this electriﬁca/on movement.

CauOonary Statement on Forward-Looking InformaOon:

Certain informa/on in this release may cons/tute forward-looking statements

under applicable securi/es laws and necessarily involve risks associated with

regulatory approvals and /melines. Although Global Energy Metals believes

the expecta/ons expressed in such forward-looking statements are based on

reasonable assump/ons, such statements are not guarantees of future

performance and actual results or developments may diﬀer materially from

those in the forward-looking statements. Except as required by law, the

Company undertakes no obliga /on to update these forward-looking

statements in the event that management’s beliefs, es/mates or opinions, or

other factors, should change.

GEMC’s opera/ons could be signiﬁcantly adversely aﬀected by the eﬀects of a

widespread global outbreak of a contagious disease, including the recent

outbreak of illness caused by COVID-19. It is not possible to accurately predict

the impact COVID-19 will have on opera/ons and the ability of others to meet

their obliga/ons, including uncertain/es rela/ng to the ul/mate geographic

spread of the virus, the severity of the disease, the dura/on of the outbreak,

and the length of travel and quaran/ne restric/ons imposed by governments

of aﬀected countries. In addi/on, a signiﬁcant outbreak of contagious diseases

in the human popula/on could result in a widespread health crisis that could

adversely aﬀect the economies and ﬁnancial markets of many countries,

resul/ng in an economic downturn that could further aﬀect opera/ons and

the ability to ﬁnance its opera/ons.

For more informa/on on Global Energy and the risks and challenges of their

businesses, investors should review the ﬁlings that are available at

www.sedar.com.

Neither TSX Venture Exchange nor its Regula/on 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.

We seek safe harbour.

← Back to feed