January 22, 2020 – American Battery Metals Corp. (CSE: ABC – the “Company” or “American Battery“) today announced that further to its January 6, 2020 news release, it has obtained approval from the holders of its outstanding warrants issued on March 4, 2019 and June 14, 2019 (together, the “Warrants“) to re-price the exercise price of the Warrants to $0.155 (the “Warrant Re-Pricing“).
In accordance with Canadian Securities Exchange (the “CSE“) rules, as a result of the Warrant Re-Pricing, the Warrants are now subject to early acceleration if, for any 10 consecutive trading days the closing price of the Company’s shares exceeds $0.20 in which event the term of the Warrants will be reduced to 30 days commencing seven days from the 10th trading day.
About the Company
American Battery Metals Corp. is a junior mineral exploration company engaged in the business of acquiring, exploring and evaluating natural resource properties. The Company has an option to acquire a 50% interest in the Fish Lake property located in Esmeralda County in the state of Nevada, USA and an option to acquire a 100% interest in the Temple Mountain Vanadium Property located in Emery County, Utah, USA.
Chief Executive Officer, President and Director