FE Battery Metals (CSE: FE) (OTCQB: FEMFF) (WKN: A2JC89) has closed its second and final tranche of a previously announced non-brokered private placement as outlined in a news release dated May 26, 2023. According to the update, the final tranche of the financing resulted in gross proceeds of $520,000 by way of issuing 800,000 FT shares at a price of $0.65 cents per share. Pursuant to the close of the final tranche, FE Battery Metals has raised a total of $ 1,220,000. A finder’s fee of 6% cash will be paid to eligible finders in accordance with the policies of the Canadian Securities Exchange in connection with the non-brokered private placement. Closing of the proposed private placement is subject to obtaining all required approvals, including from the CSE and any other regulators. Under applicable laws, the securities will be subject to a four-month hold period plus one day.
To view the full press release, visit https://ibn.fm/3wFxv
About FE Battery Metals Corp.
FE Battery Metals is focused on identifying, exploring and advancing early-stage lithium pegmatite projects in Canada. The company’s primary efforts have been on exploration projects located in Quebec, with its flagship property being the Augustus Lithium Property. Augustus is located in the immediate vicinity of Val d’Or Quebec where several historical prospects and a previously active lithium mine is located within a 10km radius from the property. North American Lithium mine (“NAL”) and the Authier Project are two notable projects in the area that highlight the potential of the Augustus Lithium Property.
NOTE TO INVESTORS: The latest news and updates relating to FEMFF are available in the company’s newsroom at https://ibn.fm/FEMFF
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