nsr green woods

Green Battery Minerals Increases Size of its Non-Brokered Private Placement

(TheNewswire)

Green Battery Minerals Inc.

Green Battery Minerals Inc. ("Green Battery" or the "Company") (TSXV:GEM ) ( FSE:BK2P ) ( WKN:A2QENP ) ( OTC:GBMIF) is pleased to announce that it has increased the size of its previously announced financing described in its news release of November 9, 2021. The Company previously disclosed that it would issue up to 3,500,000 flow-through units (the " FL Units ") at a price of $ 0.15 per FL Unit, for gross proceeds of $525,000.  Due to increased demand, the Company today announces that it has increased the number of FL Units to be issued, such that it will issue up to 13,500,000 FL Units for gross proceeds of up to $2,025,000 (the " Offering

Each FL Unit will consist of one common share in the capital of the Company that is issued on a flow-through basis in accordance with the Income Tax Act (Canada) (each, a " FL Share ") and one half of one share purchase warrant (each whole warrant, a " Warrant "), with each Warrant entitling the holder thereof to purchase one (non-flow-through) common share in the capital of the Company (each, a " Warrant Share ") at a price of $0.20 per Warrant Share for a period of twenty four months following issuance.

The proceeds from the Offering are expected to be used for Canadian exploration expenses and will qualify as flow-through mining expenditures, as defined in Subsection 127(9) of the Income Tax Act (Canada), which will be renounced to the subscribers with an effective date no later than December 31, 2021, to the initial purchasers of the FL Units in an aggregate amount not less than the gross proceeds raised from the issue of the flow-through shares, as applicable, and, if the qualifying expenditures are reduced by the Canada Revenue Agency, the Company will indemnify each subscriber for any additional taxes payable by such subscriber as a result of the Company's failure to renounce the qualifying expenditures as agreed.  Net proceeds will be used for costs associated with the continued exploration/drill program and reports for a planned PEA for the Berkwood Graphite project.

Finder's fees and commissions will be payable in connection with the Offering in accordance with the policies of the TSX Venture Exchange (the " Exchange ").  All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering. Completion of the Offering is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the Exchange.

None of the securities to be issued in connection with the Offering will be or have been registered under the United States Securities Act of 1933 , as amended (the " 1933 Act "), and none may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This press release is being issued pursuant to Rule 135c of the 1933 Act and shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of the securities, in any state where such offer, solicitation or sale would be unlawful.

About the Company: Green Battery Minerals is managed by a team with over 150 years of collective experience with a proven track record of not just finding numerous mines but building and operating them as well. The Green Battery Minerals management team's most recent success is discovering the Berkwood graphite deposit in Northern Québec. Green Battery Minerals owns 100% of this asset and the Company's shareholders will benefit from this asset as the demand for graphite for electric vehicles increases significantly.

On Behalf of the Board of Directors

Green Battery Minerals lnc.

‘Thomas Yingling'

President, CEO & Director

FOR MORE INFORMATION, PLEASE CONTACT:

Investor Relations:
or 1-604-343-7740

info@greenbatteryminerals.com www.greenbatteryminerals.com

Disclaimer for Forward-Looking Information:

Certain statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward looking statements in this news release include that the Company will carry out the drill program described in this news release, conduct the Offering and expend funds on Berkwood Graphite Project exploration .  It is important to note that the Company's actual business outcomes and exploration results could differ materially from those in such forward-looking statements. Risks and uncertainties include that further permits may not be granted timely or at all; the mineral claims may prove to be unworthy of further expenditure; there may not be an economic mineral resource; methods we thought would be effective may not prove to be in practice or on our claims; economic, competitive, governmental, environmental and technological factors may affect the Company's operations, markets, products and prices; our specific plans and timing drilling, field work and other plans may change; we may not have access to or be able to develop any minerals because of cost factors, type of terrain, or availability of equipment and technology; and we may also not raise sufficient funds to carry out our plans. Additional risk factors are discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for its recently completed fiscal period, which is available under Company's SEDAR profile at www.sedar.com . No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.  These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions, which may prove to be incorrect. Except as required by law, we will not update these forward-looking statement risk factors.

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 .

Copyright (c) 2021 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

The Conversation (0)
Green Battery Minerals

Green Battery Minerals

Exploring Highly Prospective Graphite and Gold Assets in North America

Exploring Highly Prospective Graphite and Gold Assets in North America Keep Reading...
Gold nuggets and scales with "Weekly Editor's Picks" text overlay.

Editor's Picks: Gold and Silver Prices Stay Steady, Barrick Faces Breakup Rumors

The gold price remained fairly steady this week after last week's brief uptick, largely trading between US$4,000 and US$4,100 per ounce during the period. Silver was more volatile, jumping briefly above the US$52 per ounce level. The precious metals faced some pressure on Thursday (November 20)... Keep Reading...
Joe Cavatoni, gold bars.

Joe Cavatoni: Gold's Key Driver Now, Plus 2026 Catalysts to Watch

Joe Cavatoni, senior market strategist, Americas, at the World Gold Council, looks back on gold's performance in 2025 and forward to what could be coming in 2026. In his view, risk and uncertainty are key gold drivers that are likely to stay in place next year. Don’t forget to follow us... Keep Reading...
Panther Metals PLC (LSE:PALM)

Winston Tailings Project: Mineral Resource Drilling

Platinum Diamond Drilling Appointed for Mineral Resource Programme

Panther Metals Plc (LSE: PALM), the exploration company focused on mineral projects in Canada, is pleased to announce that Platinum Diamond Drilling Inc. ("Platinum") has been contracted to undertake the Mineral Resource focussed drilling programme at the Winston Tailings Project in Ontario,... Keep Reading...
Metals One (AIM: MET1)

Admission to Trading on the OTCQB Venture Market in the United States

Metals One (AIM: MET1), a critical and precious metals early-stage project developer and investor, is pleased to announce its Ordinary shares have been approved to trade on the OTCQB Venture Market ("OTCQB") in the United States and commenced trading on OTCQB on 10 November 2025 under the symbol... Keep Reading...

Latest Press Releases

Related News