FE Battery Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company, has closed on its previously announced nonbrokered private placement for gross proceeds of $1,105,000. According to the announcement, the placement includes the company issuing 675,000 common shares $0.40 cents per share, resulting in gross proceeds of $270,000, along with issuing 1,855,554 flow-through units at $0.45 cents per flow-through unit, resulting in gross proceeds of $835,000. The announcement noted that each flow-through unit was comprised of one flow-through share and one-half common share purchase warrant, and each whole warrant entitles the holder to purchase one common share at $0.65 cents per share anytime two years from the issue date. The company also stated that closing of the private placement is subject to required approvals. In addition, securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from issue date.
To view the full press release, visit https://ibn.fm/JvLlA
About FE Battery Metals Corp.
FE Battery Metals is a Canadian mineral exploration company with a primary focus of acquiring mineral properties in the battery metal sector. The company’s goal is to identify, acquire and explore North American mineral prospects with a primary focus on lithium. The company’s strategy is to acquire and advance projects through prospecting and early-stage exploration; source joint venture partners to finance future exploration and project development; and create shareholder value through exploration success. For more information about the company, please visit www.FEBatteryMetals.com.
NOTE TO INVESTORS: The latest news and updates relating to FEMFF are available in the company’s newsroom at https://ibn.fm/FEMFF
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