NEO Battery Materials Announces Pricing of Non-Brokered LIFE Private Placement
Summary
The Company may compensate certain eligible finders under the Offering and may pay a cash commission of up to 7% of the gross proceeds of the Offering and issue such a number of finders warrants of up to 7% of the total number of Units issued.The Offering is expected to be completed on or about October 31, 2023 (Closing Date) and will satisfy the Change of Business minimum financing requirement by the TSXV, as previously announced by the Company on June 30, 2023.Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 Prospectus Exemptions (NI 45-106), the Offering is being made to purchasers resident in Canada (except Quebec) and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A.2 of NI 45-106 (the Listed Issuer Financing Exemption). Building the first commercial plant in South Korea, the Company aims to be a globally-leading producer of silicon anode materials for the electric vehicle and energy storage industries. For more information, please visit the Companys website at: https://neobatterymaterials.com/.On behalf of the Board of DirectorsSpencer HuhPresident and CEOshuh@neobatterymaterials.comThis news release includes certain forward-looking statements as well as managements objectives, strategies, beliefs, and intentions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks, and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the effectiveness and feasibility of technologies that have not yet been tested or proven on a commercial scale, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon.