Battery Mineral Resources Corp. is pleased to announce that it intends to complete a non-brokered private placement to raise gross proceeds of up to $800,000 through the issuance of up to 1,025,641 common shares in the capital of the Company issued on a flow-through basis at a price of $0.78 per FT Share. These funds will be used to finance the continuation of the Company’s 2021 Canadian exploration programs in …
Battery Mineral Resources Corp. (TSXV: BMR) (“Battery” or the “Company”) is pleased to announce that it intends to complete a non-brokered private placement to raise gross proceeds of up to $800,000 (the “Offering”) through the issuance of up to 1,025,641 common shares in the capital of the Company issued on a flow-through basis (each, a “FT Share”) at a price of $0.78 per FT Share. These funds will be used to finance the continuation of the Company’s 2021 Canadian exploration programs in Ontario.
The FT Shares will qualify as “flow-through shares” for purposes of the Income Tax Act (Canada). The gross proceeds of the Offering will be used to incur qualifying exploration expenditures on the Company’s Cobalt District Exploration Project in Ontario. Use of proceeds will be to continue the progression of sampling, mapping, assaying and up to 3,000 meter core drilling in support of the extension of our successful Northern Ontario Cobalt exploration program. In particular, exploration will be focussed on our Gowganda, Elk Lake, Wilder and McAra properties (Figure 1).
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