FE Battery Metals Corp. Announces Closing of Private Placement
FE Battery Metals Corp. (OTCQB:FEMFF) has closed the first tranche of its previously announced non-brokered private placement. The company has issued 8,750,000 flow-through common shares at $0.08 per share, raising gross proceeds of $700,000. FE Battery Metals will pay 6% in finders' fees, totaling $42,000. The securities issued are subject to a four-month statutory hold period. The company plans to use the proceeds for general working capital and further exploration of its properties in Quebec. The private placement's final closing is pending required approvals, including from the CSE.
FE Battery Metals Corp. (OTCQB:FEMFF) ha concluso la prima tranche del suo precedente collocamento privato non mediato. L'azienda ha emesso 8.750.000 azioni ordinarie flow-through a $0,08 per azione, raccogliendo proventi lordi di $700.000. FE Battery Metals pagherà 6% in commissioni per i trovatori, per un totale di $42.000. I titoli emessi sono soggetti a un periodo di blocco statutario di quattro mesi. L'azienda prevede di utilizzare i proventi per il capitale di lavoro generale e ulteriori esplorazioni delle sue proprietà in Quebec. La chiusura finale del collocamento privato è in attesa delle necessarie approvazioni, compresa quella della CSE.
FE Battery Metals Corp. (OTCQB:FEMFF) ha cerrado la primera tranche de su colocación privada no mediada previamente anunciada. La empresa ha emitido 8,750,000 acciones ordinarias flow-through a $0.08 por acción, recaudando ingresos brutos de $700,000. FE Battery Metals pagará 6% en comisiones a los intermediarios, totalizando $42,000. Los valores emitidos están sujetos a un período de bloqueo estatutario de cuatro meses. La empresa planea utilizar los ingresos para capital de trabajo general y más exploración de sus propiedades en Quebec. El cierre final de la colocación privada está pendiente de las aprobaciones requeridas, incluidas las de la CSE.
FE 배터리 메탈스 코프(OTCQB:FEMFF)는 첫 번째 트랜치를 종료했습니다. 회사는 8,750,000주의 플로우스루 보통주를 발행했습니다 주당 $0.08로, $700,000의 총 수익을 올렸습니다. FE 배터리 메탈스는 6%의 중개 수수료로 총 $42,000을 지급할 예정입니다. 발행된 증권은 4개월의 법적 보유 기간에 따라 제한됩니다. 회사는 해당 수익을 일반 운영 자본 및 퀘벡의 자산에 대한 추가 탐사에 사용할 계획입니다. 이 사모펀드의 최종 마감은 CSE를 포함한 필요한 승인 대기 중입니다.
FE Battery Metals Corp. (OTCQB:FEMFF) a clôturé la première tranche de son placement privé non intermédié annoncé précédemment. L'entreprise a émis 8 750 000 actions ordinaires en flux au prix de 0,08 $ par action, levant ainsi des produits bruts de 700 000 $. FE Battery Metals paiera 6 % de frais de commission, soit un total de 42 000 $. Les valeurs mobilières émises sont soumises à un période de blocage statutaire de quatre mois. L'entreprise prévoit d'utiliser les produits pour des besoins généraux de fonds de roulement et des explorations supplémentaires de ses propriétés au Québec. La clôture finale de ce placement privé est en attente des approbations requises, y compris celles de la CSE.
FE Battery Metals Corp. (OTCQB:FEMFF) hat die erste Tranche abgeschlossen seines zuvor angekündigten nicht vermittelten Private Placements. Das Unternehmen hat 8.750.000 Flow-Through-Vorzugsaktien zu je 0,08 $ pro Aktie ausgegeben und dabei brutto Einnahmen von 700.000 $ erzielt. FE Battery Metals wird 6 % Vermittlungsgebühren in Höhe von insgesamt 42.000 $ zahlen. Die ausgegebenen Wertpapiere unterliegen einer viermonatigen gesetzlich vorgeschriebenen Haltedauer. Das Unternehmen plant, die Einnahmen für allgemeine Betriebsmittel und weitere Erkundungen seiner Grundstücke in Quebec zu verwenden. Der endgültige Abschluss der Privatplatzierung steht noch aus und benötigt Genehmigungen, einschließlich von der CSE.
- Raised $700,000 in gross proceeds through private placement
- Funds to be used for exploration efforts in Quebec properties
- Successfully closed first tranche of planned $1,000,000 private placement
- 6% finders' fees ($42,000) to be paid, reducing net proceeds
- Issuance of new shares may lead to dilution for existing shareholders
VANCOUVER, BC / ACCESSWIRE / October 18, 2024 / FE Battery Metals Corp. (the "Company") (OTCQB:FEMFF)(WKN:A2JC89) is pleased to announce it has closed the first tranche of the non-brokered private placement previously announced on October 11, 2024, for gross proceeds of up to
Final closing of the private placement is subject to obtaining all required approvals, including from the CSE, and any other regulatory approval. All securities issued in connection with the private placement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.
The proceeds from the private placement will be used for general working capital and to its further exploration efforts on its properties located in Quebec.
ON BEHALF OF THE BOARD OF
FE BATTERY METALS CORP.
"Gurminder Sangha"
Gurminder Sangha
CEO & Director
For further information, please contact the Company at: info@febatterymetals.com
Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release and has neither approved nor disapproved the contents of this news release.
SOURCE: FE Battery Metals Corp.
View the original press release on accesswire.com
FAQ
How much did FE Battery Metals Corp. (FEMFF) raise in its recent private placement?
What will FE Battery Metals Corp. (FEMFF) use the private placement proceeds for?
When did FE Battery Metals Corp. (FEMFF) announce the closing of its private placement?
What is the hold period for securities issued in FE Battery Metals Corp.'s (FEMFF) private placement?
