- Vital Battery Metals (VBAM) has announced a non-brokered private placement for gross proceeds of up to $2,500,000
- The company will issue up to 10,000,000 units for $0.25 per unit
- Each warrant will entitle the holder to acquire one additional common share at an exercise price of $0.35 for a period of 24 months from the closing date
- Net proceeds will be used for exploration on the company’s Sting and Vent properties and for general working capital
- Vital Battery Metals Inc. is a mineral exploration company dedicated to the development of strategic projects comprising battery, base and precious metals in stable jurisdictions.
- Vital Battery Metals Inc. is unchanged, trading at $0.30 per share at 10:14 am ET
Vital Battery Metals (VBAM) has announced a non-brokered private placement for gross proceeds of up to $2,500,000.
The company will issue up to 10,000,000 units at a purchase price of $0.25 per unit.
Each unit will consist of one common share and one transferable common share purchase warrant.
Each warrant will entitle the holder to acquire one additional common share at an exercise price of $0.35 for a period of 24 months from the closing date.
The company intends to use the proceeds from the placement for exploration on the company’s Sting and Vent properties and for general working capital.
The Sting Project covers approximately 30.6 km² (3,060 ha) and hosts multiple historic Newfoundland and Labrador Government documented mineral occurrences and is located within a 50 km corridor known for significant volcanogenic massive sulfide (VMS), copper quartz vein lode and low sulphation epithermal gold showings.
The Vent Copper-Gold project covers 1,562 hectares in British Columbia.
Vital Battery Metals Inc. is a mineral exploration company dedicated to the development of strategic projects comprising battery, base and precious metals in stable jurisdictions.
Vital Battery Metals Inc. is unchanged, trading at $0.30 per share at 10:14 am ET.
