Global Battery Metals Closes Private Placement Financing

Executive Summary

• Global Battery Metals Ltd. closed a non‑brokered private placement of 7,000,000 units at $0.09 per unit, raising gross proceeds of $630,000.
• Each unit consists of one common share and one warrant to purchase an additional share at $0.12 until March 2, 2029.
• Proceeds will be used for future project evaluation expenses and general working capital; the offering remains subject to final acceptance by the TSX Venture Exchange.

Key Details

• Offering size: 7,000,000 units @ $0.09 per unit → gross proceeds of $630,000.
• Unit composition: 1 common share + 1 common share purchase warrant (exercise price $0.12, exercisable until March 2, 2029).
• Insider participation (related‑party transaction):
• Michael Murphy – CEO & Director – purchased 1,000,000 units.
• Craig Roberts – Director – purchased 670,000 units.
• Alan Matthews – Director – purchased 83,000 units.
• Regulatory notes: No finder’s fees; securities subject to a statutory hold period expiring July 3, 2026. Offering pending final acceptance by the TSX Venture Exchange.
• Use of proceeds: Fund future project evaluation expenses and general working capital.
• Exemptions: Securities not registered under U.S. securities laws; offering not an offer or solicitation in the United States.

Notable Quotes

(No CEO/President quotes were included in the release.)