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Green Battery Minerals Closes $299,960 Private Placement

Story Highlights
  • Green Battery Minerals raises $299,960 in private placement for working capital.
  • Insider participation in financing requires regulatory approval and involves a hold period.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Green Battery Minerals Closes $299,960 Private Placement

The latest update is out from Green Battery Minerals Inc ( (TSE:GEM) ).

Green Battery Minerals Inc. has announced the closing of a private placement to raise $299,960 through the issuance of 4,285,143 units at $0.07 per unit, each consisting of one common share and one warrant exercisable at $0.10 for two years. This financing, aimed at bolstering working capital, involves a related party transaction due to insider participation, and is pending regulatory approval. The issuance of securities will include a hold period, and the company confirms no undisclosed material changes.

More about Green Battery Minerals Inc

YTD Price Performance: 11.43%

Average Trading Volume: 16,901

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$1.27M

See more data about GEM stock on TipRanks’ Stock Analysis page.

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