Battery Metals corporation, Surge, unveils a non-mediated offering of shares and investment units (LIFE Offering)
Surge Battery Metals Inc., a Canadian mineral exploration company, has announced a non-brokered private placement of units. The company is focused on exploring for clean, high-grade lithium energy metals in Nevada, USA.
The offering aims to raise funds to meet near-term funding commitments under the contemplated JV structure, advance exploration and development activities at Nevada North, and strengthen the company's balance sheet. The price per Offered Unit is set at $0.25, with a minimum gross proceeds of $4,000,000 and a maximum of $5,000,000.
Each Offered Unit consists of one common share and one Common Share purchase warrant. Each Warrant entitles the holder to acquire one Common Share at an exercise price of $0.40 for a period of three years. The securities issued pursuant to the Offering have not, nor will they be registered under the United States Securities Act of 1933, and may not be offered or sold within the United States.
3L Capital Inc. is acting as financial advisor to the transaction. The closing of the LIFE Offering is subject to the approval of the TSX Venture Exchange. The Company may pay finders' fees, as permitted by applicable securities laws.
For more details about the offering document, interested parties can access it on the company's profile at www.sedarplus.ca and at https://surgebatterymetals.com/. The Company can be reached via phone at 604-662-8184 or email at [email protected].
The news is provided by Newsfile via QuoteMedia. Surge Battery Metals Inc. can also be found on Twitter, Facebook, LinkedIn, Instagram, and YouTube. The source version of this press release can be found at https://www.newsfilecorp.com/release/266954.
It is important to note that this document contains certain 'Forward-Looking Statements' regarding future prices of commodities, exploration activities, cash flow forecasts, costs, metal processing recoveries, mine life, production rates, regulatory approvals, currency risks, market for lithium-related products, changes in laws, export policies, taxes, and other factors. The TSX Venture Exchange is not responsible for the adequacy or accuracy of this release.
Stay updated with Surge Battery Metals Inc.'s progress by visiting their website at surgebatterymetals.com.
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