Global Battery Metals Announces Private Placement Financing

Core Viewpoint - Global Battery Metals Ltd. (GBML) is conducting a non-brokered private placement to raise up to $630,000 through the sale of 7,000,000 units at a price of $0.09 per unit, which includes common shares and warrants [1][2]. Group 1: Offering Details - The Offering consists of 7,000,000 units priced at $0.09 each, aiming for gross proceeds of up to $630,000 [1]. - Each unit includes one common share and one warrant, allowing the holder to purchase an additional share at $0.12 for three years [1]. - The net proceeds will be used for project evaluation expenses and general working capital [2]. Group 2: Regulatory and Compliance Information - The Offering is subject to acceptance by the TSX Venture Exchange and will have a statutory hold period of four months [2]. - Certain directors and officers may participate in the Offering, which will be classified as a "related party transaction" under MI 61-101 [3]. - The company plans to rely on exemptions from formal valuation and minority shareholder approval requirements due to the limited market capitalization impact of the transaction [3]. Group 3: Company Overview - GBML focuses on lithium, copper, and other battery metals, with interests in two projects: a 100% interest in the Lithium King Property in Utah and a 55% stake in the Lara Copper Property in Peru [6]. - The company is listed on multiple exchanges, including TSXV, Frankfurt, and OTC Markets [6].