Global Energy Metals Announces an Increase in its Non Brokered Private Placement
Vancouver, February 15, 2017 - Global Energy Metals Corp. ("Global Energy Metals", the "Company" and/or "GEMC") is pleased to announce, further to its February 6, 2017 announcement of a non-brokered private placement of Units at a price of C$0.15 per Unit (the "Concurrent Financing"), that it has increased the maximum gross proceeds of the Concurrent Financing to C$1,100,000 from the original maximum of C$500,000.The Company has received conditional approval from the TSX Venture Exchange ("TSX-V") for the listing of its common shares on the TSX-V under the symbol GEMC.
The closing of the Concurrent Financing will occur with final acceptance of the listing and is subject to the satisfaction of certain conditions, including fulfilling all required filing requirements pursuant to the policies of the TSX-V.
Full details of the Concurrent Financing are available in the Company's February 6, 2017 announcement, seen here.
Global Energy Metals Corp.:???
Global Energy Metals is an aggregator of primary cobalt and other battery metals projects and other supply, providing supply to the market demand for the growing rechargeable battery market. GEMC anticipates growing its business by acquiring project stakes in battery metals related projects with key strategic partners. GEMC currently owns the Werner Lake Cobalt Mine in Ontario, Canada.
For Further Information:
Mitchell Smith
President & CEO
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: info@globalenergymetals.com
t. + 1 (604) 688-4219
Cautionary Statement on Forward-Looking Information:
Certain information in this release may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with regulatory approvals and timelines. Although Global Energy Metals believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. For more information on Global Energy and the risks and challenges of their businesses, investors should review the filings that are available at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.
We seek safe harbour.
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES
OR TO U.S. NEWS AGENCIES
Copyright (c) 2017 TheNewswire - All rights reserved.