May 14, 2021 (Source) — Global Energy Metals Corporation (TSXV:GEMC) | (OTC:GBLEF) | (FSE:5GE1) (“Global Energy Metals”, the “Company” and/or “GEMC”), a company involved in the investment exposure to the battery metals supply chain, is pleased to announce the closing of the second tranche (the “Second Tranche”) of its non-brokered private placement for total gross proceeds of $230,000, further to its May 6, 2021 news release. Combined with the closing of the first tranche of its non-brokered private placement, Global Energy Metals raised a total of CAD$1,100,000 in gross proceeds (the “Offering”).
Mitchell Smith, President and CEO commented:
“Closing this oversubscribed private placement has placed Global Energy Metals in a strong position to push forward with aggressive exploration programs in Nevada and Idaho, two of the most prospective mining jurisdictions in the United States. We look forward to continuing our bold approach to value creation as we pursue high-grade battery metal discoveries while demand for secure supply of these critical raw materials accelerates in the global shift towards a low-carbon economy.”
The company sold 920,000 Units in respect of the closing of the Second Tranche. In total for the Offering, the Company sold 4,400,00 units (a “Unit”) at a price of $0.25 per Unit, where each Unit consists of one common share (a “Common Share”) of the Company and one transferable common share purchase warrant (a…