FE BATTERY METALS CLOSES PRIVATE PLACEMENT
Summary
VANCOUVER, BC, June 18, 2023 /CNW/ - FE Battery Metals Corp. (CSE: FE) (OTCQB: FEMFF) (WKN: A2JC89) ("FE Battery Metals" or the "Company) is pleased to announce it has closed its second and final tranche of a previously announced non-brokered private placement as outlined in in news release dated May 26, 2023. The final tranche of the above noted financing resulted in gross proceeds of $ 520,000 by way of issuing 800,000 FT shares at a price of $0.65 cents per share. Pursuant to the close of the final tranche the Company has raised a total of $ 1,220,000.In connection with the above-noted non-brokered private placement, a finders fee of 6% cash will be paid to eligible finders in accordance with the policies of the Canadian Securities Exchange. The securities will be subject to a four-month hold period plus one day under applicable securities laws.ON BEHALF OF THE BOARD OFFE BATTERY METALS CORP.Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release and has neither approved nor disapproved the contents of this news release.Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Companys ability to obtain required approvals.