The net proceeds from the Private Placement will be used by the Company for general working capital purposes.
Completion of the Private Placement is subject to receipt of all necessary regulatory approvals, including acceptance by the TSX Venture Exchange. All securities issued in connection with the Private Placement will be subject to a hold period of four months from the date of issuance in accordance with applicable Canadian securities laws, in addition to any other restrictions that may apply under the applicable securities laws of jurisdictions outside Canada. No finder’s fees are payable in connection with the Private Placement.
The securities offered above have not been and will not be registered under the US Securities Act and may not be offered or sold in the United States, or to or for the account or benefit of US persons or persons in the United States, absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
About Battery Mineral Resources Corp.
Battery Mineral Resources operates the Punitaqui Mining Complex, a historic copper, gold and silver mine in the Coquimbo region of Chile. The company’s portfolio also includes the 100% ownership of ESI Energy Services Inc. and North American mineral exploration assets. The company aims to provide shareholders with greater exposure to copper and the global trend of electrification, while simultaneously focusing on growth through cash flow, exploration and acquisitions in favorable mining jurisdictions. More information about BMR and its projects can be found at www.bmrcorp.com.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Statements
This press release contains certain “forward-looking statements” under applicable securities laws. Forward-looking statements in this press release include, but are not limited to, statements regarding the terms of the Private Placement, the expected use of proceeds from the Private Placement and the Company’s receipt of regulatory approvals, including acceptance by the TSX Venture Exchange. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the Company’s beliefs, opinions and projections as of the date the statements are made and are based on a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements, and the parties have made assumptions and estimates based on or related to many of these factors. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to publicly update or otherwise revise any forward-looking statements contained herein, whether as a result of new information or future events or otherwise, except as required by law. For more information about the risks, please refer to the risk factors discussed in the Company’s most recent management discussion and analysis filed on SEDAR+.
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR DISTRIBUTION IN THE UNITED STATES
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