- Global Energy Metals (GEMC) has upsized its non-brokered private placement for gross proceeds of up to $1.25M
- The offering will now consist of a total of 5,000,000 units priced at $0.25 per unit
- Global has also announced that it will close an initial tranche of the private placement for aggregate gross proceeds of C$1,055,000
- Global Energy Metals holds a diversified global portfolio of exploration and growth-stage battery mineral assets
- Global Energy Metals (GEMC) is up 4 per cent on the day, trading at C$0.26 per share at 11:15 am EST
Global Energy Metals (GEMC) has upsized its previously announced private placement for proceeds of up to $1.25M.
The offering will now consist of a total of 5,000,000 units priced at $0.25 per unit. Each unit will consist of one common share and one transferrable share purchase warrant. Each warrant will be exercisable to purchase an additional share at a price of C$0.40 for a period of 24 months from the closing date.
The warrants are subject to an acceleration clause.
Global has also announced that it will close an initial tranche of the private placement. In connection with the first tranche, Global Energy Metals will issue 4,220,000 units at a price of C$0.25 per unit for aggregate gross proceeds of C$1,055,000.
The net proceeds of the Private Placement will be directed toward further exploration and development of its battery mineral properties with a focus on the Lovelock Mine and Treasure Box projects in Nevada.
Global Energy Metals holds a diversified global portfolio of exploration and growth-stage battery mineral assets.
Global Energy Metals (GEMC) is up 4 per cent on the day, trading at C$0.26 per share at 11:15 am EST.