North American Niobium and Critical Minerals Corp. press release
United Battery Metals Arranges $500,000 Private Placement
CSE - Canadian National Stock Exchange · Canada
/ Not for Dissemination in the United States or Through United States Newswire Services /
VANCOUVER, BC / ACCESSWIRE / October 31, 2018 /United Battery Metals Corp. (CSE: UBM,OTC: UBMCF, FWB: 0UL) ("United Battery Metals" or the "Company") ispleased to announces that it expects to issue, by way of a non-brokered privateplacement, up to 435,000 units (each, an "OfferedUnit") at a price of $1.15 per Offered Unit for total gross proceeds of upto $500,000 (the "Offering").
EachOffered Unit shall consist of one common share of the Company and one-half ofone common share purchase warrant, whereby each whole warrant shall entitle theholder thereof to acquire one additional common share of the company for atotal period of 24 months at a price of $1.25 per warrant share. The Offered Unitswill be subject to a statutory hold period of four months following the date ofissuance.
Thenet proceeds from the Offering will be used for continued exploration of the Company'sWray Mesa vanadium property and general and administrative expenses.
Theoffering is subject to certain conditions including, but not limited to, thereceipt of all necessary regulatory and stock exchange approvals, including theapproval of the Canadian Securities Exchange, and such further restrictions asmay apply under foreign securities laws.
This news release does not constitute an offer to sell or a solicitation ofan offer to sell any of the securities in the United States.Thesecurities have not been and will not be registered under the United StatesSecurities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registeredunder the U.S. Securities Act and applicable state securities laws or anexemption from such registration is available.
We seek Safe Harbor.
ON BEHALF OF THE BOARD OF
UNITED BATTERY METALS CORP.
/s/ Matthew Rhoades Matthew Rhoades Chief Executive Officer and Director
For further information, please telephone: (604)428-9063
CautionaryStatement Regarding Forward-Looking Information
This news releasecontains "forward-looking information" within the meaning of applicablesecurities laws, including statements relating to the Company’s intention tocomplete the Offering and the outlook of the business of the Company. Althoughthe Company believes in light of the experience of its officers and directors,current conditions and expected future developments and other factors that havebeen considered appropriate that the expectations reflected in thisforward-looking information are reasonable, undue reliance should notbe placed on them because the Company can give no assurance that they willprove to be correct. Actual results and developments may differ materially fromthose contemplated by these statements depending on, among other things, therisks that the Offering may not close for any reason (including the failure toobtain the required approvals or clearances from regulatory authorities) orthat the terms of the Offering may differ from those that currently arecontemplated. The statements in this news release are made as of the date ofthis release. Exceptas required under applicable securities legislation, the Company undertakes noobligation to publicly update or revise forward-looking information.
Neither the Canadian SecuritiesExchangenor its Regulation Services Provider (as that term is defined inthe policies of theCanadian Securities Exchange) accepts responsibilityfor the adequacy or accuracy of this release.No stock exchange,securities commission or other regulatory authority has approvedordisapproved the information contained herein.
SOURCE:UnitedBattery Metals Corp.