GEMC.V · 2020-08-20 12:00:00

Powered by Cobalt … Driven by Demand GLOBAL ENERGY METALS ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION

Corporate Actions

TSX.V GEMC 

www.globalenergymetals.com

Suite 1501,

Sun Tower

128 West Pender St. Vancouver,

V6B 1R8

T +1.604.688.4219

TwiGer @EnergyMetals

GLOBAL ENERGY METALS ANNOUNCES EFFECTIVE

DATE OF SHARE CONSOLIDATION

Vancouver, BC / TheNewswire / August 20, 2020 / Global Energy

Metals Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (“Global

Energy Metals”, the “Company” and/or "GEMC") announces the

implementaMon of a previously announced consolidaMon ( t h e

“ConsolidaMon”) of all the issued and outstanding share capital on a 10 old for

1 new basis eﬀecMve August 25, 2020 (the “EﬀecMve Date”).

The post-ConsolidaMon common shares will commence trading on the TSX

Venture Exchange (“TSXV”) under same name and Mcker symbol (GEMC) on

August 25, 2020, at which Mme the CUSIP and ISIN numbers of the Company

will change to 37890Y308 and CA37890Y3086, respecMvely.

The Company believes that the ConsolidaMon will be beneﬁcial to the Compa-

ny in that it is expected to, among other things, provide the Company with

greater ﬂexibility in aGracMng ﬁnancing, strategic partners and ongoing in -

vestment, and as such, is in the best interest of the Company.

Upon compleMon of the ConsolidaMon, the number of common shares issued

and outstanding as of August 25, 2020 have been consolidated from

97,301,171 to 9,730,117. As previously announced, no fracMonal Common

Shares will be issued in connecMon with the Share ConsolidaMon. The exercise

price and the number of Shares issuable under the Company's outstanding

warrants and stock opMons will be proporMonately adjusted to reﬂect the

ConsolidaMon in accordance with the respecMve terms thereof. FracMonal

common shares will not be issued, and no cash will be paid in lieu of fracMonal

post-ConsolidaMon common shares. The number of post-consolidaMon

common shares to be received by a shareholder will be rounded down to the

nearest whole common share.

Registered shareholders will be mailed a leGer of transmiGal from the Com-

pany’s transfer agent, Computershare Investor Services Inc., providing instruc-

Mons regarding how to exchange their pre-consolidaMon Common Shares

(represented either by Direct RegistraMon System (DRS) advice statements or

share cerMﬁcates) for new DRS advice statements represenMng the post-con-

solidaMon Common Shares to which they are enMtled as a result of the Con-

solidaMon. UnMl surrendered to the transfer agent, each share cerMﬁcate rep-

resenMng old pre-consolidaMon shares will be deemed to represent the num-

ber of new whole post-consolidaMon Common Shares, as the case may be, to

which the holder is enMtled as a result of the ConsolidaMon. Non-registered

shareholders holding their Common Shares through a bank, broker or other

nominee are encouraged to contact their nominee for further informaMon.

This proposed consolidaMon does not change a shareholder’s proporMonate

ownership interest in the Company.

The proposed ConsolidaMon has been approved and authorized by Global

Energy’s board of directors as permiGed by the Issuer's arMcles of

incorporaMon which authorizes the board of directors to approve certain

changes to the Issuer's capital structure, including the ConsolidaMon.

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 criMcal to the new energy economy by building a

diversiﬁed global porholio of cobalt and baGery metals rich projects in top-

Mer mining jurisdicMons with exploraMon & development upside to become a

supply chain soluMon to safe and reliable cobalt for downstream partners.

Global Energy Metals holds 100% of the Millennium Cobalt Project and two

neighbouring discovery stage exploraMon-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 exploraMon projects in Nevada, 150km

East of the Tesla Gigafactory.

For Further Information:

Global Energy Metals CorporaMon

#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.

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