GEMC.V · 2019-04-12 12:00:00

States OR to U.s. News Agencies Global Energy Metals Closes Oversubscribed Private Placement

Financings

TSX.V GEMC 

www.globalenergymetals.com

Suite 1501,

Sun Tower

128 West Pender St. Vancou-

ver , BC

V6B 1R8

T +1.604.688.4219

Twitter @EnergyMetals

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED

STATES OR TO U.S. NEWS AGENCIES

GLOBAL ENERGY METALS CLOSES OVERSUBSCRIBED

PRIVATE PLACEMENT

Vancouver, BC / TheNewswire / April 12, 2019 / Global Energy

Metals Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1

(“Global Energy Metals”, the “Company” and/or “GEMC”) is

pleased to announce that it has closed its non-brokered private

placement financing for gross proceeds in the amount of $813,500

through the issuance of 16,270,000 Units at a price of $0.05 per Unit

(the “Offering Price”). This represents an oversubscription of

1,270,000 units as previously announced.

Each Unit each Unit consisted of one common share of the Company

(a "Share") and one transferable common share purchase warrant (a

“Warrant”, with each Warrant entitling the holder thereof to acquire

a Common Share at the exercise price of $0.10 per share for a period

of 36 months from the closing date (“Closing Date”), subject to

acceleration.

Insiders of the Company subscribed for an aggregate of 1,840,000

Units for gross proceeds of $92,000 under the Private Placement.

As certain insiders of Global Energy Metals participated in this Private

Placement, it is deemed to be a "related party transaction" as defined

under Multilateral Instrument 61-101-Protection of Minority Security

Holders in Special Transactions ("MI 61-101"). The Company is exempt

from the formal valuation requirement and the shareholder approval

requirement of MI 61-101.

The Company intends to use the net proceeds from the offering to

fund exploration and development activities at the Lovelock Mine and

Treasure Box projects in Nevada, USA, as well as for general working

capital requirements.

All securities issued in connection with the Private Placement will be

subject to a statutory hold period of 4 months plus a day from the

Closing Date in accordance with applicable securities legislation.

Warrants are subject to an acceleration clause whereby if on any 10

consecutive Trading Days occurring after four months and one day has

elapsed from the Closing Date, the daily volume weighted average

trading price of the common shares of the Company is at least $0.20

per share, the Company may accelerate the expiry date of the

Warrants to the 30th day after the date on which the Company gives

notice to the Subscriber in accordance with the Warrant of such

acceleration.

In aggregate, the Company will pay cash finder’s fees of $8,700 and

issue 357,200 shares to third-party finders in connection with the

private placement.

Closing of the Private Placement is subject to the approval to the

receipt of all necessary regulatory approvals, including the final

approval of the TSX Venture Exchange.

Global Energy Metals Corporation

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

Global Energy Metals is focused on offering security of supply of

cobalt, a critical material to the growing rechargeable battery

market, by building a diversified global portfolio of cobalt assets

including project stakes, projects and other supply sources. GEMC

anticipates growing its business by acquiring project stakes in battery

metals related projects with key strategic partners. Global Energy

Metals currently owns 70% of the Werner Lake Cobalt Mine in Ontario,

Canada, has an option to acquire an 85% interest in two cobalt

exploration projects in Nevada, 150km East of the Tesla Gigafactory,

and has entered into an agreement to acquire 100% of the Millennium

Cobalt Project and two neighbouring discovery stage exploration-

stage cobalt assets in Mt. Isa, Australia.

For Further Information:

Global Energy Metals Corporation

#1501-128 West Pender Street

Vancouver, BC, V6B 1R8

Email: [email protected]

t. + 1 (604) 688-4219 extensions 236/237

Cautionary Statement on Forward-Looking Information:

Certain information in this release may constitute forward-looking

statements under applicable securities laws and necessarily involve

risks associated with regulatory approvals and timelines. Although

Global Energy Metals believes the expectations expressed in such

forward-looking statements are based on reasonable assumptions,

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 obligation to update these forward-looking statements

in the event that management’s beliefs, estimates or opinions, or

other factors, should change. For more information 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 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.

We seek safe harbour.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS,

IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR

DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE

AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY

OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES.

THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED

UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED,

OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR

SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS

REGISTERED OR EXEMPT THEREFROM.

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