BULLETIN V2024-0087
NEO BATTERY MATERIALS LTD. ("NBM")
BULLETIN TYPE: Change of Business, Property-Asset or Share Disposition Agreement, Private Placement-Non-Brokered, Resume Trading
BULLETIN DATE: January 9, 2024
TSX Venture Tier 2 Company
Change of Business:
TSX Venture Exchange (the "Exchange") has accepted for filing NEO Battery Materials Ltd. (the "Company") Change of Business (the "COB"), from a Mining issuer to a Technology issuer.
Refer to the Company's information circular dated February 21, 2023 as well as the filing statement dated December 27, 2023, available on SEDAR+.
The COB includes acceptance of the transactions outlined below.
Property-Asset or Share Disposition Agreement:
The Exchange has accepted for filing documentation pertaining to an agreement between the company and Automobile & PCB Inc., dated June 30, 2022, (the "Agreement"), whereby the Company disposed of a 40% interest in its subsidiary, Neo Battery Materials Korea Co. Ltd., for consideration of C$3,000,000.
For further information, please refer to the Company's news releases dated June 30, 2022 and October 12, 2022, available on SEDAR+.
Private Placement-Non-Brokered:
The Exchange has also accepted for filing documentation with respect to a Non-Brokered Private Placement announced on October 10, 2023:
Number of Shares: 11,386,860 shares
Purchase Price: $0.32 per share
Warrants: 11,386,860 share purchase warrants to purchase 11,386,860 shares
Warrant Exercise Price: $0.75 for a two year period, subject to an acceleration clause
Number of Placees: 41 placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: N/A N/A
Aggregate Pro Group Involvement: 1 25,000
Aggregate Cash Amount Aggregate #
of Shares Aggregate #
of Warrants
Finder's Fee: $9,352 N/A 29,225
Finder's Warrants Terms: Each warrant entitles the holder to purchase one common share at the price of $0.75 for period of 2 years from the date of issuance.
The Company issued a news release on November 27, 2023, confirming closing of the private placement. [Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.]
Resume Trading:
Effective at the opening Thursday, January 11, 2024 the common shares of the Company will resume trading on TSX Venture Exchange. The Company is classified as a 'Technology' company.
Corporate Jurisdiction: Ontario
Capitalization: Unlimited common shares with no par value of which
113,107,506 common shares are issued and outstanding
Escrowed Shares: nil common shares subject to Escrow
Transfer Agent: Odyssey Trust Company
Trading Symbol: NBM (unchanged)
CUSIP Number: 62908A 10 0 (unchanged)
Company Contact: Spencer Sung Bum Huh
Company Address: 10th Floor, 4711 Yonge Street
Toronto, Ontario M2N 6K8
Company Phone Number: (647) 809-9378
Company Email Address: info@neobatterymaterials.com
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