Powered BY Cobalt … Driven BY Demand Global Energy Metals Showcases Investment Exposure to Electric Vehicle and Battery Markets Through Cobalt Investment at Silver & GOLD Summit IN San Francisco
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
Powered by Cobalt … Driven by Demand
GLOBAL ENERGY METALS SHOWCASES INVESTMENT
EXPOSURE TO ELECTRIC VEHICLE AND BATTERY MARKETS
THROUGH COBALT INVESTMENT AT SILVER & GOLD SUMMIT
IN SAN FRANCISCO
Vancouver, BC / TheNewswire / October 25, 2018 / Global Energy
Metals Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1
(“Global Energy Metals”, the “Company” and/or “GEMC”) is
pleased to announce its participation at the Cambridge House hosted
Silver and Gold Summit in San Francisco, United States, where they
will be showcasing investment exposure to the growing rechargeable
battery and electric vehicle (“EV”) markets through cobalt, a key
ingredient to battery chemistry.
The event will be taking place Sunday October 28th and Monday
October 29th, 2018 with Global Energy exhibiting at booth 504.
In addition, the Company will hold a speaking panel “Mining the EV
Revolution; Got Cobalt?” on Monday October 29th at 2:00pm in the
Resource Hall. In addition to providing background on corporate
milestones achieved and upcoming catalysts the Company will also
provide an opportunity for a Q&A session with attendees addressing
the opportunity cobalt presents as a way to invest in the accelerated
growth in the EV space.
For additional information on the Silver and Gold Summit and to
register for the event please visit Cambridge House.
Private Placement:
On September 20th, the Company announced a $500,000 Private
Placement with net proceeds being used for the completion of the
recently announced cobalt project acquistions , for marketing
initiatives as well as general working capital requirements.
The Private Placement will consist of the issuance of a maximum of
6,666,667 units (the “Units”) at a subscription price of CAD$0.075 per
Unit. Each Unit will be comprised of one common share of the
Company (a “Share”) and one transferable common share purchase
warrant (a “Warrant”). Each Warrant will be exercisable to purchase
an additional Share of the Company for a period of 12 months from
the closing date (“Closing Date”) at a price of CAD$0.15 subject to
acceleration.
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. Finder's fees may be paid in connection with this
Offering. Closing of the Private Placement is subject to the approval
of the TSXV .
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 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.