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FE Battery Metals Corp. Announces Closing of Private Placement

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FE Battery Metals Corp. has successfully closed the first tranche of a non-brokered private placement, raising gross proceeds of up to $1,000,000. The Company issued 1,739,130 common shares at $0.23 per share, generating $400,000 in proceeds. In addition, 6% in finders' fees of $23,400 were paid. The funds raised will be utilized for general working capital and further exploration efforts in Quebec. The Company also granted incentive stock options to certain individuals to purchase up to 1,200,000 common shares at $0.18 per share.

FE Battery Metals Corp. ha chiuso con successo la prima tranche di un collocamento privato non intermediazione, raccogliendo un introito lordo fino a $1.000.000. La società ha emesso 1.739.130 azioni ordinarie a $0,23 per azione, generando un ricavo di $400.000. Inoltre, sono stati pagati $23.400 in commissioni di intermediazione del 6%. I fondi raccolti saranno utilizzati per il capitale circolante generale e ulteriori sforzi di esplorazione in Quebec. La società ha inoltre concesso opzioni su azioni incentivanti a determinati individui per l'acquisto di fino a 1.200.000 azioni ordinarie a $0,18 per azione.
FE Battery Metals Corp. ha cerrado exitosamente la primera parte de una colocación privada no intermediada, recaudando ingresos brutos de hasta $1,000,000. La compañía emitió 1,739,130 acciones comunes a $0.23 por acción, generando $400,000 en ingresos. Además, se pagaron $23,400 en comisiones de hallazgo del 6%. Los fondos recaudados se utilizarán para capital de trabajo general y para continuar la exploración en Quebec. La compañía también otorgó opciones de compra de acciones a ciertas personas para adquirir hasta 1,200,000 acciones comunes a $0.18 por acción.
FE 배터리 메탈스 코퍼레이션은 중개인 없는 사적 배치의 첫 번째 물량을 성공적으로 마감하여 최대 $1,000,000의 총 수익을 올렸습니다. 회사는 주당 $0.23에 1,739,130주의 보통주를 발행하여 $400,000의 수익을 창출했습니다. 또한, 찾기 수수료 6%로 $23,400가 지불되었습니다. 모금된 자금은 일반 운영 자본 및 퀘벡에서의 추가 탐사 작업에 사용될 예정입니다. 회사는 또한 특정 개인들에게 주당 $0.18에 최대 1,200,000주의 보통주를 구매할 수 있는 인센티브 주식 옵션을 부여했습니다.
FE Battery Metals Corp. a réussi à clore le premier volet d'un placement privé sans intermédiaire, levant des recettes brutes jusqu'à 1 000 000 $. La société a émis 1 739 130 actions ordinaires à 0,23 $ l'action, générant 400 000 $ de recettes. De plus, 6 % de frais de recherche de 23 400 $ ont été payés. Les fonds levés seront utilisés pour le fonds de roulement général et pour poursuivre les efforts d'exploration au Québec. La société a également accordé des options d'achat d'actions incitatives à certains individus pour acheter jusqu'à 1 200 000 actions ordinaires à 0,18 $ l'action.
FE Battery Metals Corp. hat erfolgreich die erste Tranche einer nicht vermittelten Privatplatzierung abgeschlossen und Bruttoerlöse von bis zu $1.000.000 erzielt. Das Unternehmen emittierte 1.739.130 Stammaktien zu einem Preis von $0,23 pro Aktie und erzielte damit Einnahmen von $400.000. Zusätzlich wurden 6% an Finderlöhnen in Höhe von $23.400 gezahlt. Die aufgebrachten Mittel werden für das allgemeine Betriebskapital und weitere Explorationstätigkeiten in Quebec verwendet. Zudem wurden bestimmten Personen Anreizaktienoptionen gewährt, bis zu 1.200.000 Stammaktien zu einem Preis von $0,18 pro Aktie zu kaufen.
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VANCOUVER, BC / ACCESSWIRE / April 26, 2024 / FE Battery Metals Corp. (the "Company") (CSE:FE)(OTCQB:FEMFF)(WKN:A2JC89) is pleased to announce it has closed the first tranche of the non-brokered private placement previously announced on April 16, 2024, for gross proceeds of up to $1,000,000. As part of the closing the first tranche, the Company will issue 1,739,130 common shares at a price of $0.23 cents per share for gross proceeds of $400,000 and will pay 6% in finders' fees of $23,400.

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.

The Company has also granted incentive stock options to certain directors, officers, and consultants to purchase up to an aggregate of 1,200,000 common shares under the Company's Incentive Stock Option Plan. The options will be exercisable for a period of two (2) years, at an exercise price of $0.18 per share. The stock option grant will be subject to a four-month hold period and is subject to Canadian Securities Exchange approval.

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

What is the purpose of FE Battery Metals Corp.'s private placement?

FE Battery Metals Corp.'s private placement aims to raise funds for general working capital and further exploration efforts in Quebec.

How many common shares were issued in the private placement?

FE Battery Metals Corp. issued 1,739,130 common shares at a price of $0.23 per share in the private placement.

What is the exercise price for the incentive stock options granted by FE Battery Metals Corp.?

The exercise price for the incentive stock options granted by FE Battery Metals Corp. is $0.18 per share.

Who can exercise the incentive stock options granted by FE Battery Metals Corp.?

Certain directors, officers, and consultants are eligible to exercise the incentive stock options granted by FE Battery Metals Corp.

What is the hold period for securities issued in connection with the private placement?

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.

What approvals are required for the final closing of FE Battery Metals Corp.'s private placement?

The final closing of FE Battery Metals Corp.'s private placement is subject to obtaining all required approvals, including from the CSE and any other regulatory approval.

FE BATTERY METALS CORP

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Crushed and Broken Limestone Mining and Quarrying
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About FEMFF

first energy metals is a publicly traded canadian mineral exploration company with a primary focus of acquiring a multi-commodity mineral property portfolio. our goal is to identify, acquire and explore north american mineral prospects in the precious metal, base metal, and industrial metals sector.