Global Battery Metals Closes $630,000 Private Placement
Vancouver, British Columbia — March 2, 2026 — Leads & Copy — Global Battery Metals Ltd. (TSXV: GBML; OTCQB: REZZF; Frankfurt: REZ0) has closed a non-brokered private placement offering, raising gross proceeds of $630,000.
The offering consisted of 7,000,000 units priced at $0.09 per unit. Each unit includes one common share of the company and one common share purchase warrant. Each warrant allows the holder to acquire one additional share at $0.12 per share until March 2, 2029.
The company intends to use the proceeds to cover expenses related to future project evaluation and for general working capital purposes.
All securities issued in connection with the offering are subject to a statutory hold period expiring on July 3, 2026. The offering remains subject to final acceptance by the TSX Venture Exchange.
Certain directors and officers of the Company participated in the Offering, specifically (i) Michael Murphy, Chief Executive Officer and Director of the Company, purchased 1,000,000 Units, (ii) Craig Roberts, Director of the Company, purchased 670,000 Units, and (iii) Alan Matthews, Director of the Company, purchased 83,000 Units. The company relied on exemptions from formal valuation and minority shareholder approval requirements as the fair market value of the securities distributed to insiders did not exceed 25% of the company’s market capitalization. The offering was unanimously approved by the Company’s Board of Directors.
This transaction is considered a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions.
GBML is focused on lithium, copper and other metals that support battery power. The company maintains a 100% interest in the Lithium King Property in Utah and a 55% stake in the Lara Copper Property in Peru, which has over 10,000 metres of drilling.
GBML’s common shares are listed on the TSXV (GBML), the Frankfurt Stock Exchange (REZ0), and are quoted on the OTC Markets (OTCQB: REZZF).
Source: Global Battery Metals Ltd.
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