Battery Mineral Resources Corp. announced that it has received CAD 1.75 million in funding
On January 15, 2021, Battery Mineral Resources Corp. closed the transaction. The company amended the terms of the transaction and issued 735,294 subscription receipts for flow-through common shares at a price of CAD 0.68 per subscription receipt and 1,923,077 subscription receipts for non-flow through common shares at a price of CAD 0.65 per subscription receipt. Each subscription receipt will automatically be converted into one common share of Battery and exchanged for common shares of fusion on a one-for-one basis pursuant to the Transaction and, subject to satisfaction of certain routine requirements, without any resale restriction under Canadian securities laws. The securities issued are subject to a four month hold period that will expire on May 16, 2021. No finder's fees were paid in connection with the offering.