Vancouver, British Columbia–(Newsfile Corp. – February 4, 2020) – American Battery Metals Corp. (CSE: ABC) (the “Company” or “American Battery“) today announced that due to strong demand it has increased its ongoing private placement to $1.5 million (the “Private Placement“). The Private Placement will now consist of an aggregate of 7,500,000 common shares (“Shares“) at a price of $0.20 per Share. Net proceeds from the Private Placement will be used by the Company for general working capital purposes.
The Company will pay finder’s fees in connection with the Private Placement and all securities issued pursuant to the Private Placement will be subject to a four month hold period. The Private Placement remains subject to approval by the Canadian Securities Exchange.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
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.
Chief Executive Officer, President and Director