Jannah Theme License is not validated, Go to the theme options page to validate the license, You need a single license for each domain name.
Business

Patriot Battery Metals Announces $20 Million Flow-Through Financing, The Canadian Business Journal

NOT INTENDED FOR DISTRIBUTION TO THE US NEWS WIRE SERVICE OR FOR DISTRIBUTION IN THE UNITED STATES

VANCOUVER, British Columbia, September 15, 2022 (GLOBE NEWSWIRE) –

highlight

  • Raises C$20 million to continue drilling at Corvette property in James Bay area, Quebec
  • Funding executed at a price of C$13.27, representing a 109% premium to PMET’s last trading share price of C$6.35 on Wednesday, September 14
  • We will use these funds for our winter training program starting in late January 2023.

Patriot Battery Metals Inc. (“Company” or “Patriot”) (TSX-V: PMET) (OTCQB: PMETF) (FSE: R9GA) has entered into an agreement with PearTree Securities Inc. to issue 1,507,170 shares at C$13.27 per share to raise an aggregate amount of C$20 million (the “Offer”). FT shares are subject to a statutory resale limit of 4 months from the completion of the public offering.

Gross proceeds received by the company from the sale of its shares are covered by the Canadian Exploration Expenses (CEE) (as such term is defined in the Income Tax Act (Canada)) on the company’s Corvette assets located in the James Bay region of Canada. used to bear. Quebec, by December 31, 2023, eligible for his 30% federal vital mineral exploration tax credit announced in the federal budget on April 7, 2022. The Company will waive such expenditures to subscribers on December 31, 2022.

Closing of the offering is subject to certain conditions, including, without limitation, receipt of all required regulatory and other approvals.

Tectonic Advisory Partners (“Tectonic”) acted as advisor to Patriot. Tectonic is a resource focused boutique banking group based in New York. Tectonic Securities trading is executed through Ecoban Securities Co., Ltd.

This news release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “United States Securities Act”) or state securities laws. Registered under the securities laws of the United States and applicable state securities laws or an exemption from such registration is available.

About Patriot Battery Metals

Patriot Battery Metals Inc. is a mineral exploration company focused on the acquisition and development of mineral properties including batteries, bases and precious metals.

Our flagship asset is the 100% owned Corvette property, located near the Trans Taiga Road and Powerline Infrastructure Corridor in the James Bay area of ​​Quebec. The terrestrial package hosts a significant lithium potential highlighted by a CV5-1 spodumene pegmatite corridor with a drill intercept of 1.65% lithium.2O and 193 ppm Ta2Five >159.7 m (CV22-042) and 2.22% Li2O and 147 ppm Ta2Five >70.1 m, containing 3.01% Li2O and 160 ppm Ta2Five 40.7m or more (CV22-017). In addition, this property is consistent with the Golden Gap trend containing grab samples from 3.1–108.9 g/t Au from outcrops and grab samples containing 10.5 g/t Au and 8.15% Cu, 1.33 g/t Au in boreholes >7 m. Hosts Maven trends including t Au. 171 g/t Ag at the outcrop.

The Company also owns 100% ownership of the Freeman Creek Gold Property in Idaho, USA. The area has two promising gold prospects, he named Golddike Prospect, which will be intersected by 4.11 g/t Au and 33.0 g/t Ag over 12 m drill holes in 2020. Carmen Creek Prospect with results for surface samples containing 25.5 g/t Au, 159 g/t Ag, and 9.75% Cu.

Our other assets include Pontax Lithium-Gold Property, QC. Hidden Lake Lithium Property, NWT, and several other Canadian assets in which we maintain a 40% interest;

Please contact us for more information. [email protected]

Phone: +1 (604) 279-8709 or visit www.patriotbatterymetals.com.

On behalf of the Board of Directors,

The Blair Way

Blair Way, President, CEO, Director

Forward-Looking Information Disclaimer

This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by words such as “will,” “may,” “should,” “expect,” “anticipate,” or similar expressions . All statements other than statements of historical fact contained in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those projected by such statements. Important factors that could cause it to differ materially include the results of further investigations and tests and other risks detailed from time to time in the filings we file with securities regulators. www.sedar.comReaders are cautioned that the assumptions used in preparing the forward-looking information may prove to be incorrect. Actual results may differ materially from projections due to events and circumstances. It is the result of a number of known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s control. Readers are cautioned not to place undue reliance on forward-looking information. Although such information was believed to be reasonable by management at the time it was prepared, it may prove to be inaccurate and actual results may differ materially from those projected. Any forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company makes no forward-looking statements as expressly required by applicable law. Update or correct the description.

No securities regulator or stock exchange has reviewed and is not responsible for the adequacy or accuracy of the contents of this news release.

Patriot Battery Metals Announces $20 Million Flow-Through Financing, The Canadian Business Journal
CBJ Newsmaker

Patriot Battery Metals Announces $20 Million Flow-Through Financing, The Canadian Business Journal

Source link Patriot Battery Metals Announces $20 Million Flow-Through Financing, The Canadian Business Journal

Related Articles

Back to top button
situs toto situs togel bo togel bo togel situs toto agen togel situs toto bo togel situs togel situs toto slot gacor toto slot