Powered by Cobalt … Driven by Demand GLOBAL ENERGY METALS ANNOUNCES $500,000 PRIVATE PLACEMENT WITH LEAD ORDER OF $200,000
TSX.V GEMC
www.globalenergymetals.com
Suite 1501,
Sun Tower
128 West Pender St. Vancouver,
BC
V6B 1R8
T +1.604.688.4219
TwiGer @EnergyMetals
Powered by Cobalt … Driven by Demand
GLOBAL ENERGY METALS ANNOUNCES $500,000
PRIVATE PLACEMENT WITH LEAD ORDER OF $200,000
Vancouver, BC / TheNewswire / August 26, 2020 / Global Energy
Metals Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (“Global
Energy Metals”, the “Company” and/or “GEMC”) is pleased to
announce a private placement offering of up to 4,000,000 units (the “Units”)
of the Company at a price of $0.125 per Unit (the “Offering”), with each Unit
comprised of one share and one transferrable share purchase warrant (a
“Warrant”). Each transferrable warrant will be exercisable to purchase an
addiWonal share of the Company for a period of 36 months from the closing
date at a price of CAD$0.15.
STRATEGIC COMMITMENT
The Company has received strong interest in the Offering with a strategic lead
commitment of $200,000.
First closing is expected within the next several days.
This financing complements the recently announced commitment by Electric
RoyalWes Ltd. (“Electric RoyalWes”) that provides Global Energy Metals with an
aGracWve form of financing and short term investments via the spin-out of a
small royalty on its Queensland, Australian projects. The royalty also provides
an opWon to fund future development at Millennium and the Mount Isa
projects in a non-diluWve manner to the company and create an opportunity
for cross markeWng promoWon with a strong royalty partner . For more infor-
maWon on this significant endorsement of the Projects and collaboraWon with
Electric RoyalWes please see our news releases dated February 27, 2020 and
July 23, 2020.
PROCEEDS & TERMS
The net proceeds of the Offering will be used to fund the previously an -
nounced acquisiWon of an 85% interest in the Lovelock and Treasure Box
projects, two highly prospecWve baGery mineral projects in Nevada with
strong enrichment in nickel, copper and cobalt, as well as for business devel-
opment and working capital purposes.
The Company has agreed to and may pay a finder’s fee of 8% cash and 8%
broker warrants for Units sold to certain investors (“Broker Warrants”). Each
Broker Warrant enWtles the holder to acquire one common share of the Com-
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED
STATES OR TO U.S. NEWS AGENCIES
pany at a strike price of $0.15 for a period of one year from the date of is -
suance.
All securiWes to be issued pursuant to the Offering will be subject to a four
month hold period from the closing date under applicable securiWes laws in
Canada and among other things, receipt by Global Energy Metals of all neces-
sary regulatory approvals, including the TSX Venture Exchange.
The securiWes issued in connecWon with the Offering have not been nor will
they be registered under the United States SecuriWes Act of 1933, as amend-
ed, or state securiWes laws, and may not be offered or sold in the United
States or to an account for the benefit of US persons, absent such registraWon
or an exempWon from registraWon. This press release shall not consWtute an
offer to sell or the solicitaWon of an offer to buy the securiWes in the United
States or in any jurisdicWon in which such offer, sale, or solicitaWon would be
unlawful.
Global Energy Metals Corporation
(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals provides investors and partners with exposure to the
immediate need for metals criWcal to the new energy economy by building a
diversified global porkolio of cobalt and baGery metals rich projects in top-
Wer mining jurisdicWons with exploraWon & development upside to become a
supply chain soluWon to safe and reliable cobalt for downstream partners.
Global Energy Metals holds 100% of the Millennium Cobalt Project and two
neighbouring discovery stage exploraWon-stage cobalt assets in Mt. Isa,
Australia. It also currently owns 70% of the Werner Lake Cobalt Mine in
Ontario, Canada and has entered into an agreement to acquire an 85%
interest in two cobalt-nickel-copper exploraWon projects in Nevada, 150km
East of the Tesla Gigafactory.
For Further Information:
Global Energy Metals CorporaWon
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: [email protected]
t. + 1 (604) 688-4219 extensions 236/237
TwiGer: @EnergyMetals
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.