GEMC:CC - Global Energy Metals Proposes To Extend Warrants
(TheNewswire)
Vancouver, BC /TheNewswire / February 2, 2024 / Global Energy Metals CorporationTSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (“Global Energy Metals”, the“Company” and/or “GEMC”) , a multi-jurisdictional, multi-commoditycritical mineral exploration and development company focused ongrowth-oriented metal projects supporting the global transition toclean energy, proposes to extend the expiry date of previously issuedwarrants (the “Incentive Warrants”) to purchase up to 7,280,250common shares at an exercise price of $0.15 per share. These warrantswere issued in connection with a warrant incentive program (the“Incentive Program”) that entitled warrant holders to purchase onecommon share of the Company for a period of 12 months from the date ofissuance of such Incentive Warrant, at a price of $0.15. If acceptedby the TSX Venture Exchange, the Company will extend the expiry dateof the share purchase warrants for one additional year from the timeof issuance. All other terms and conditions of the Incentive Warrantswill remain unchanged.
Insiders of theCompany participated in the Incentive Program and, as a result, theIncentive Program may constitute a "related partytransaction" within the meaning of Multilateral Instrument 61-101- Protection of Minority Shareholders in SpecialTransactions ("MI 61-101"). The Company relies on theexemptions from the formal valuation requirements of MI 61-101contained in section 5.5(a) and (b) of MI 61-101 on the basis that thefair market value of the transaction with insiders will not be morethan 25% of the market capitalization of the Company and no securitiesof the Company are listed on a specified market set out in suchsection, and the Company further relies on the exemption from theminority shareholder approval requirements of MI 61-101 contained inSection 5.7(1)(a) of MI 61-101 on the basis of the fair market valueof the transaction with insiders will not be more than 25% of themarket capitalization of the Company.
For FurtherInformation:
Global EnergyMetals Corporation
#1501-128 WestPender Street
Vancouver, BC,V6B 1R8
Email:info@globalenergymetals.com
t. + 1 (604)688-4219
www.globalenergymetals.com
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Global Energy MetalsCorporation
(TSXV:GEMC |OTCQB:GBLEF | FSE:5GE1)
Global Energy MetalsCorp. offers investment exposure to the growing rechargeable batteryand electric vehicle market by building a diversified global portfolioof exploration and growth-stage battery mineral assets.
Global Energy Metals recognizes that the proliferation and growth ofthe electrified economy in the coming decades is underpinned by theavailability of battery metals, including cobalt, nickel, copper,lithium and other raw materials. To be part of the solution and respond to this electrification movement, Global EnergyMetals has taken a ‘consolidate, partner and invest’ approach andin doing so have assembled and are advancing a portfolio ofstrategically significant investments in battery metalresources.
As demonstrated with the Company’s current copper, nickel andcobalt projects in Canada, Australia, Norway and the United States,GEMC is investing-in, exploring and developing prospective, scaleableassets in established mining and processing jurisdictions in closeproximity to end-use markets. Global Energy Metals is targetingprojects with low logistics and processing risks, so that they can befast tracked to enter the supply chain in this cycle. The Companyis also collaborating with industry peers to strengthen its exposureto these critical commodities and the associated technologies requiredfor a cleaner future.
Securing exposure to these critical minerals powering the eMobilityrevolution is a generational investment opportunity. Global EnergyMetals believes Now is the Time to be part of this electrificationmovement.
Cautionary Statement on Forward-LookingInformation:
Certain information in this release may constitute forward-lookingstatements under applicable securities laws and necessarily involverisks associated with regulatory approvals and timelines. AlthoughGlobal Energy Metals believes the expectations expressed in suchforward-looking statements are based on reasonable assumptions, suchstatements are not guarantees of future performance and actual resultsor developments may differ materially from those in theforward-looking statements. Except as required by law, the Companyundertakes no obligation to update these forward-looking statements inthe event that management’s beliefs, estimates or opinions, or otherfactors, should change.
GEMC’s operations could be significantly adversely affected by theeffects of a widespread global outbreak of a contagious disease,including the recent outbreak of illness caused by COVID-19. It is notpossible to accurately predict the impact COVID-19 will have onoperations and the ability of others to meet their obligations,including uncertainties relating to the ultimate geographic spread ofthe virus, the severity of the disease, the duration of the outbreak,and the length of travel and quarantine restrictions imposed bygovernments of affected countries. In addition, a significant outbreakof contagious diseases in the human population could result in awidespread health crisis that could adversely affect the economies andfinancial markets of many countries, resulting in an economic downturnthat could further affect operations and the ability to finance itsoperations.
For more information on Global Energy and the risks and challengesof their businesses, investors should review the filings that areavailable at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider(as that term is defined in the policies of the TSX Venture Exchange)accepts responsibility for the adequacy or accuracy of thisrelease.
We seek safe harbour.
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