Powered by Cobalt … Driven by Demand GLOBAL ENERGY METALS ANNOUNCES PRIVATE PLACEMENT
TSX.V GEMC
www.globalenergymetals.com
Suite 1501,
Sun Tower
128 West Pender St.
Vancouver, BC
V6B 1R8
T +1.604.688.4219
Twitter @EnergyMetals
Powered by Cobalt … Driven by Demand
GLOBAL ENERGY METALS ANNOUNCES PRIVATE PLACEMENT
VANCOUVER, BC / TNW-ACCESSWIRE / JUNE 19, 2017 / GLOBAL ENERGY
METALS CORP. TSXV:GEMC | FSE:5GE1 (“Global Energy Metals”, the
“Company” and/or "GEMC") announces that it is undertaking a non-brokered
private placement for gross proceeds of up to CAD$250,000 (the "Private
Placement" or "Offering"). The Company intends to close this Private
Placement imminently.
The Private Placement will consist of a financing for minimum gross proceeds
in the amount of CAD $200,000 and maximum of CAD $250,000, through the
issuance of units at a price of CAD $0.175 per unit.
The Units offered will each consist of one (1) Global Energy Metals common
share and one (1) transferable Global Energy Metals common share purchase
warrant, each transferrable warrant entitling the holder to acquire one (1)
additional common share of the Company at a price of CAD $0.30 for a period
of 12 months from the Closing Date.
The Warrants will contain an acceleration provision, whereby in the event the
daily VWAP of the common shares of GEMC is at least CAD $0.40 per share
for 10 consecutive trading days, GEMC will have the right to accelerate the
expiry date of the Warrants to the date which is 30 days after notice is given
to the holders of the warrants of the accelerated expiry date and a news
release to that effect is given.
The proceeds from the Offering will be used 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.
Although the Concurrent Financing will be non-brokered, Global Energy
Metals may pay finder's fees in cash and/or finders warrants in accordance
with the TSXV policies.
Closing of the Private Placement, is subject to the approval of the TSXV.
The securities described herein have not been registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the
United States unless registered under the Act or unless an exemption from
registration is available.
Global Energy Metals Corporation (TSXV:GEMC | 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 and is advancing the Werner Lake Cobalt
Mine in Ontario, Canada and has entered into an agreement to earn-in to the
Millennium Cobalt Project 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.