GREEN BATTERY MINERALS closes $ 2,316,000 non-brokered private placement

(via TheNewswire)

VANCOUVER, BCThe press wire – 25 November 2021Green Battery Minerals Inc. (“Green Battery “or the” Company “) (TSXV: GEM) (FSE: BK2P) (WKN: A2QENP) (OTC: GBMIF) is happy toannounce that it has completed its previously announced private placement without intermediary (the “”Offer“), as described in its press releases November 9, 2021, November 16, 2021 and 23 November 2021, under which it issued a total of 15,444,001flow-through units (each a “FL unit“) at the price of $ 0.15 per FL unit, for gross proceeds of $ 2,316,600. Each FL unit will consist of one common share of the capital of the Company which is issued on a flow-through basis in accordance with theIncome Tax Act(Canada) (each, a “FL Share“) and a half share purchase warrant (each entire warrant, a”To guarantee“), each warrant allowing its holder to purchase one common (non-flow-through) share of the capital of the Company (each, a”Warrant share“) at the price of $ 0.20 per Share Bon for a period of twenty-four months following the issue.

The Company paid cash finder’s fees of $ 140,928 and issued 613,332 broker’s warrants (each a “Broker’s mandate) And 326,186 Common Shares to certain discoverers in connection with the Offering. The broker’s warrants have the same terms and conditions as the warrants.

The proceeds of the offering are expected to be used for exploration expenses in Canada and will qualify as flow-through mining expenses, as defined in subsection 127 (9) of theIncome Tax Act(Canada), which will be waived to subscribers with an effective date at the latest December 31, 2021, to the initial purchasers of the FL units for an aggregate amount not less than the gross proceeds from the issuance of the flow-through shares, if any, and, if the eligible expenses are reduced by Canada Revenue Agency, the Company will indemnify each subscriber for any additional tax payable by that subscriber due to the failure of the Company to waive qualifying expenses as agreed. The net proceeds will be used for costs associated with continuing the exploration / drilling program and reporting a planned PEA for the Berkwood Graphite project.

The securities issued within the framework of the Offer, and the shares that may be issued upon exercise of the Broker’s Warrants and Warrants, are subject to a statutory holding period expiring four months and one day from the date of fencing.

None of the securities to be issued under the Offer will be or will have been registered under United StatesSecurities Act of 1933, as amended (the “Law of 1933“), and none may be offered or sold in United States lack of registration or an applicable exemption from the registration requirements of the 1933 Act. This press release is issued in accordance with Rule 135c of the 1933 Act and does not constitute an offer to sell or a solicitation of offer to buy, and there will also be no sale of securities, in any state where such offer, solicitation or sale would be illegal.

About the company: Green battery minerals is managed by a team with over 150 years of collective experience with a proven track record not only in the discovery of numerous mines, but also in their construction and operation. The Green battery minerals the most recent success of the management team is the discovery of the Berkwood graphite deposit in Northern Quebec. Green battery minerals owns 100% of this asset and the shareholders of the Company will benefit from this asset as the demand for graphite for electric vehicles increases considerably.

On behalf of the board of directors

Green battery minerals inc.

‘Thomas Yingling’

President, CEO and Director


Investor Relations:
or 1-604-343-7740

[email protected]

Forward-looking information disclaimer:

Certain statements in this document that are not purely historical are forward-looking statements, including statements regarding beliefs, plans, expectations or intentions regarding the future. The forward-looking statements contained in this press release include thatthe Company will execute the drilling program described in this press release and spend the funds to Berkwood Graphite Project exploration and that the expenses will be considered flow-through mining expenses. It is important to note that the actual business and exploration results of the Company could differ materially from those appearing in these forward-looking statements, as well as the tax treatment of flow-through shares. Risks and uncertainties include that the expenses may not be qualified mining expenses and that the shares will not be eligible for flow-through processing, that the Company does not make sufficient and timely expenses for flow-through credits,other permits may not be granted on time or at all; mining claims may prove unworthy of additional expense; there may not be an economic mineral resource; the methods we thought to be effective may not turn out to be in practice or on our claims; economic, competitive, government, environmental and technological factors may affect the Company’s operations, markets, products and prices; our specific plans and the timing of drilling, fieldwork and other plans may change; and we may not have access to or be able to develop minerals due to cost factors, type of terrain, or availability of equipment and technology. Additional risk factors are discussed in the section entitled “Risk Factors” in the Company’s MD&A for its recently ended fiscal year, which is available under the Company’s SEDAR profile No assurance can be given that any of the events anticipated by forward-looking statements will occur or, if they occur, what benefits the Company will derive from them. These forward-looking statements reflect the current opinions of management and are based on certain expectations, estimates and assumptions, which may prove to be inaccurate. Except as required by law, we will not update the risk factors in these forward-looking statements.

Or TSX Venture Exchange nor its regulatory service provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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