Powered BY Cobalt … Driven BY Demand Global Energy Metals Announces Strategic Partnership with London Based Glenpani Capital Limited Enhancing Market Presence IN the UK
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 STRATEGIC
PARTNERSHIP WITH LONDON BASED GLENPANI CAPITAL
LIMITED ENHANCING MARKET PRESENCE IN THE UK
Vancouver, BC / TheNewswire / December 5, 2017 / Global Energy
Metals Corp. TSXV:GEMC | FSE:5GE1 (“Global Energy Metals”, the
“Company” and/or "GEMC") announces a strategic partnership with
UK based Glenpani Capital Limited. Glenpani has introduced
experienced high net worth investors within the natural resource
sector to participate in the previously announced private placement
and will provide continued market support.
Glenpani will aid the GEMC team in their efforts to expand GEMC’s
exposure to UK capital through its significant network of high net
worth and institutional investors interested in the cobalt and battery
metals spaces.
In addition, Glenpani will work with GEMC to introduce projects that
meet the company’s acquisition framework. GEMC is currently
reviewing project information for energy metal opportunities in
strategic jurisdictions in Australia, including the Pilbara region, and in
North America.
"I am excited to welcome London based Glenpani Capital as a
valuable and strategic partner," commented GEMC President and
CEO Mitchell Smith. "This new relationship will further enhance our
market presence in the UK and allow us to accelerate growth through
access to additional capital and project generation.”
Glenpani Capital Directors, Paul Johnson & Burns Singh T Bhohi
commented, “We began speaking with Global Energy Metals some
months ago, Mitchell and the team have been receptive, engaged and
excellent communicators.
Natural resource equity markets have been through a challenging
period, for many years. The past 12-months has seen the
reintroduction of capital, improved liquidity conditions and is
readying for what we believe will be a powerful move.
Cobalt is becoming a supply-deficient metal within commercial and
social economies and is driving, increasing Electric Vehicle demand.
Consumer demand is a considerable variable when assessing natural
resource opportunities and cobalt projects of merit will attract
broad market participants. GEMC’s acquisition mandate is refined
and the company’s developmental processes are conducive to
delivering value to shareholders and creating, broader market
interest. Mitchell and the people behind GEMC have been developing
a cobalt mandate for nearly 10-years and Glenpani are excited to be
working with the team.”
As announced previously, the proceeds from the Private Placement
will be used for resource expansion and exploration drilling at the
Company's recently announced option for the Millennium Cobalt
project in Mt. Isa, Australia and be used for general corporate and
working capital requirements.
The main aims of the program have been structured to maximise drill
meterage and increase the resource tonnage and confidence of the
JORC resource categorisation from inferred to indicated. The
Company believes that the project can be grown substantially and this
work program will form the basis for further advancement.
On October 11, 2017, GEMC announced a Private Placement for up to
$1 million to fund the development of the Millennium Cobalt Project.
The Company has amended the Subscription Agreement to redefine
the definition of “Warrant” and replaced it with the following:
•“Warrant” means a transferable share purchase warrant entitling
the holder to acquire one Common Share at a price per share of
$0.20 for a period of 30 months following the Closing Date, subject
to accelerated expiry as outlined below.
The following definition is added to section 1 of the Subscription
Agreement:
•“Trading Day” means a day on which the Exchange is open for
trading.
The following section is added to section 2 of the Subscription
Agreement:
•Accelerated Expiry of the Warrants. 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 $0.30 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 and
issues a news release to that effect.
All securities issued pursuant to this Private Placement will be subject
to a four month hold period. The Private Placement is subject to
acceptance by the TSX Venture Exchange (the "Exchange") and the
Company may pay a finders' fee in respect of certain subscribers
under the Private Placement in accordance with policies of the
Exchange.
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.