FE Battery Metals Corp. Announces Closing of Investing.com Private Placement

VANCOUVER, BC / ACCESSWIRE / April 26, 2024 / FE Battery Metals Corp. (the “Company”) (CSE: FE) (OTCQB: FEMFF) (WKN: A2JC89) is pleased to announce that it has completed the first tranche of the previously announced on April 16, 2024​​ Non-brokered private placement with gross proceeds up to $1,000,000. As part of the first tranche closing, the company will issue 1,739,130 ​​shares of common stock at 0.23 cents per share for gross proceeds of $400,000 and will pay a 6% finder's fee of $23,400.

Final completion of the private placement is subject to receipt of all necessary approvals, including approvals from the CSE and any other regulatory approvals. All securities issued in connection with the Private Placement are subject to a statutory holding period of four months plus one day under applicable securities legislation.

Proceeds from the private placement will be used for general working capital and further exploration work at its properties in Quebec.

The Company also grants incentive stock options to certain directors, officers and consultants to purchase up to 1,200,000 shares of common stock under the Company's incentive stock option plan. The options have an exercise term of two (2) years and an exercise price of $0.18 per share. Stock options granted will be subject to a four-month holding period and are subject to approval by the Canadian Securities Exchange.

on behalf of the board of directors

FE Battery Metals

“Gu Mingde Collection”

Ancient Mingde Sangha
CEO and Director

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For more information, please contact the company: info@febatterymetals.com

Neither the Canadian Securities Exchange (CSE) nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release, and has not approved or disapproved its contents.

source: FE Battery Metals

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