16:47:03 EDT Thu 03 Apr 2025
Enter Symbol
or Name
USA
CA



Vital Battery Metals Inc
Symbol VBAM
Shares Issued 50,437,276
Close 2025-04-02 C$ 0.10
Market Cap C$ 5,043,728
Recent Sedar Documents

Vital Battery arranges $1.08-million private placement

2025-04-02 19:38 ET - News Release

Mr. Mandeep Parmar reports

VITAL BATTERY METALS ANNOUNCES PRIVATE PLACEMENT

Vital Battery Metals Inc. proposes to undertake a non-brokered private placement financing of up to 16,666,667 units of the company at a purchase price of 6.5 cents per unit to raise total gross proceeds of up to $1,083,333.

Each unit will consist of one common share of the company and one transferable common share purchase warrant. Each warrant shall be exercisable into one additional common share for a period of two years from the closing date at an exercise price of 10 cents. The warrants contain an accelerated expiry clause. Pursuant to the acceleration clause, if the shares of the company close at or above 20 cents for 10 consecutive trading days on the Canadian Securities Exchange, then the company may accelerate the expiry date of the warrants by issuing a news release announcing the accelerated warrant term, pursuant to which the warrants will expire on the 30th calendar day after the date of such news release.

The company will use the proceeds from the placement toward exploration on the company's property and for general working capital purposes.

The units will be offered to qualified investors in reliance upon exemptions from the prospectus and registration requirements of applicable securities legislation. The company may pay finders' fees to eligible finders in connection with the placement, subject to compliance with applicable securities laws and the policies of the CSE. There will be a hold period of four months and one day on all securities issued under the placement.

About Vital Battery Metals Inc.

Vital Battery is a mineral exploration company dedicated to the development of strategic projects composed of battery, base and precious metals in stable jurisdictions. The company is working to advance its Sting copper project.

The Sting copper project covers approximately 12,700 hectares, hosts multiple historic Newfoundland and Labrador government-documented mineral occurrences, and is located within a 50-kilometre corridor known for significant volcanogenic massive sulphide, copper quartz vein lode and low-sulphation epithermal gold showings.

We seek Safe Harbor.

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