- Global Battery (GBML) has upsized its private placement for gross proceeds of $765,000
- The company will issue up to 7,650,000 units at $0.10 per unit
- The offering is expected to close in mid-August 2022
- Global Battery Metals Ltd is a Canadian exploration and development company
- Global Battery Metals Ltd. (GBML) opened trading at C$0.10
Global Battery (GBML) has upsized its previously announced private placement for gross proceeds of $765,000.
The company will issue up to 7,650,000 units at $0.10 per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant is exercisable for one additional share for a period of two years.
Proceeds will be used primarily for working capital.
The offering is expected to close in mid-August 2022.
The securities issued will be subject to a statutory four-month hold period.
Global Battery Metals Ltd is a Canadian exploration and development company focused on metals that support the evolution to battery power.
Global Battery Metals Ltd. (GBML) opened trading at $0.10.
