GEM:CC - Green Battery Minerals Engages Generation IACP Inc. for Market Making Services
(TheNewswire)
Vancouver, BC - TheNewswire - March 1, 2023 - Green Battery Minerals I nc . ( the“ Company ” )(TSXV:GEM ) ( FSE:BK2P ) ( WKN:A2QENP ) ( OTC:GBMIF) has engaged the services of Generation IACP Inc.(“ Generation ”) to provide services as a market maker incompliance with the policies and guidelines of the TSX VentureExchange and other applicable legislation. Generation will receive afee of C$7,500 plus applicable taxes per month. The agreementbetween the Company and Generation is for an initial term of six (6)months and shall be automatically renewed for subsequent six (6) monthperiods unless the Company provides written notice of termination toGeneration. Commencing on the first anniversary of the agreement,the fee payable to Generation will automatically increase annually by3.0%. No stock options or other compensation are being granted inconnection with the engagement. Generation does not currently ownany securities of the Company; however, Generation and its clients mayacquire an interest in the securities of the Company in the future.
Generation is an arm’s length party to the Company. Generation’s market making activity will be primarily to correcttemporary imbalances in the supply and demand of the Company’sshares. Generation will be responsible for the costs it incurs inbuying and selling the Company’s shares, and no third party will beproviding funds or securities for the market making activities. Terms of this agreement are subject to the approval of the TSX.
About Generation IACP Inc.
Generation is based in Toronto, Ontario, and is an independently heldand registered broker and member of the Investment Industry RegulatoryOrganization of Canada, the TSX-V, the Canadian Securities Exchange,and the NEO Exchange, and is a Participating Organization, as suchterm is defined in the rules and policies of the Toronto StockExchange.
About the Company: GreenBattery Minerals is managed by a team with over 150 years ofcollective experience with a proven track record of not just findingnumerous mines but building and operating them as well. The GreenBattery Minerals management team’s most recent success isdiscovering the Berkwood graphite deposit in Northern Québec. GreenBattery Minerals owns 100% of this asset and the Company’sshareholders will benefit from this asset as the demand for graphitefor electric vehicles increases significantly.
On Behalf of the Board of Directors
Green Battery Minerals lnc.
‘Thomas Yingling‘
President, CEO & Director
FOR MORE INFORMATION, PLEASECONTACT:
Investor Relations:
or 1-604-343-7740
info@greenbatteryminerals.comwww.greenbatteryminerals.com
Disclaimer for Forward-LookingInformation:
Certain statements in this documentwhich are not purely historical are forward-looking statements,including any statements regarding beliefs, plans, expectations orintentions regarding the future. Forward looking statements in thisnews release include that the Company will carry out the drill programdescribed in this news release, conduct the Offering and expend fundson Berkwood Graphite Project exploration. It is important to note thatthe Company’s actual business outcomes and exploration results coulddiffer materially from those in such forward-looking statements. Risksand uncertainties include that further permits may not be grantedtimely or at all; the mineral claims may prove to be unworthy offurther expenditure; there may not be an economic mineral resource;methods we thought would be effective may not prove to be in practiceor on our claims; economic, competitive, governmental, environmentaland technological factors may affect the Company’s operations,markets, products and prices; our specific plans and timing drilling,field work and other plans may change; we may not have access to or beable to develop any minerals because of cost factors, type of terrain,or availability of equipment and technology; and we may also not raisesufficient funds to carry out our plans. Additional risk factors arediscussed in the section entitled “Risk Factors” in theCompany’s Management Discussion and Analysis for its recentlycompleted fiscal period, which is available under Company’s SEDARprofile at www.sedar.com. No assurance can be given that any of theevents anticipated by the forward-looking statements will occur or, ifthey do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s currentviews and are based on certain expectations, estimates andassumptions, which may prove to be incorrect. Except as required bylaw, we will not update these forward-looking statement riskfactors.
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
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