BULLETIN V2024-0819
BATTERY MINERAL RESOURCES CORP. ("BMR")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: March 19, 2024
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on October 17, 2023:
Convertible Debenture: the principal amount of US$4,285,000
Conversion Price: Convertible into up to 19,477,273 shares at US$0.22 per share of the principal outstanding.
Maturity date: September 30, 2026
Warrants N/A
Interest rate: 10% per annum, compounded annually on September 30, not in advance. Interest may be paid in cash or shares. Any issuance of securities to settle accrued interest will require the prior approval of the Exchange.
Number of Placees: 7 placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate Principal Amount of Convertible Debentures
Aggregate Existing Insider Involvement: 1 US$3,645,000
Aggregate Pro Group Involvement: N/A N/A
Aggregate Cash Amount Aggregate #
of Shares Aggregate #
of Warrants
Finder's Fee: US$36,000 N/A N/A
The Company issued news releases on October 19, 2023, November 3, 2023 and February 16, 2024, confirming the closing of the private placement.
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