Megawatt Announces Non‐Brokered Private Placement of Shares
Megawatt Announces Non‐Brokered Private Placement of Shares
Vancouver, British Columbia‐‐(August 4, 2023) ‐ Megawatt Lithium and Battery Metals Corp.
(CSE:MEGA) (FSE: WR20) (OTCQB: WALRF) (the "Company" or "Megawatt") announces that, it will
proceed with a non‐brokered private placement of up to 8,750,000 common shares of the Company
(the “Shares”) at $0.16 per Share for gross proceeds of up to $1,400,000 (the “Offering”).
The Company may pay a finder’s fee on the Offering within the amount permitted by the policies of
the Canadian Securities Exchange (“CSE”). The Company will use the net proceeds from the Offering
for exploration and general working capital.
Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate
and regulatory approvals, including the CSE. All securities issued in connection with the Offering will
be subject to a statutory hold period of four months plus a day from the date of issuance in accordance
with applicable securities legislation. The Offering is not subject to a minimum aggregate amount of
subscriptions.
About MegaWatt Lithium and Battery Metals Corp.
MegaWatt is a British Columbia based company involved in the acquisition and exploration of mineral
properties in Canada. The Company holds a 100% undivided interest, subject to a 1.5% NSR on all base,
rare earth elements and precious metals, in the Cobalt Hill Property, consisting of eight mineral claims
covering an area of approximately 1,727.43 hectares located in the Trail Creek Mining Division in the
Province of British Columbia, Canada.
Additionally, the Company has acquired a 100% interest in a company that indirectly holds a 100%
interest (subject to a 2% NSR) in two prospective silver‐zinc projects in Australia, being the Tyr Silver
Project and the Century South Silver‐Zinc Project (see press release dated October 15, 2020), an
indirect 100% interest (subject to a 1% NSR) in and to certain mining tenements in Northern Territory
and New South Wales, Australia prospective for nickel‐cobalt‐scandium and rare earth elements.
The Company holds a 100% interest (subject to a 2% NSR) in and to the Route 381 Lithium Property,
comprised of 40 mineral claims located in James Bay Territory, north of Matagami in the Province of
Quebec, covering 2,126 hectares (see press release dated February 3, 2021) and a 100% interest in
229 additional mineral exploration claims prospective for lithium, also in the James Bay area of Quebec
covering an area of 12,116 hectares or 121 square kms.
Investors can learn more about the Company and team at https://megawattmetals.com.
For further information: David Thornley‐Hall, Chief Executive Officer, [email protected]
Related Links
https://megawattmetals.com
The CSE does not accept responsibility for the adequacy or accuracy of this release.
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LEGAL_41989121.1
This press release includes "forward‐looking information" that is subject to a number of assumptions,
risks and uncertainties, many of which are beyond the control of the Company. Forward‐looking
statements may include but are not limited to, statements relating to the trading of the Company's
common shares on the Exchange and the Company's use of proceeds and are subject to all of the risks
and uncertainties normally incident to such events. Investors are cautioned that any such statements
are not guarantees of future events and that actual events or developments may differ materially from
those projected in the forward‐ looking statements. Such forward‐looking statements represent
management's best judgment based on information currently available. No securities regulatory
authority has either approved or disapproved of the contents of this news release.
SOURCE MegaWatt Lithium and Battery Metals Corp.
FOR FURTHER INFORMATION PLEASE CONTACT:
David Thornley‐Hall Chief Executive Officer