Battery Mineral Resources Corp. Announces First Closing of Previously Announced Offering of up to US$6M in Unsecured Convertible Debentures and Closing of Previously Announced Debt Consolidation
–News Direct–
Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) (Battery or BMR or the Company) is pleased to announce a first closing of the private placement (the Private Placement) of senior unsecured convertible debentures (the Debentures), which was previously press released on October 17, 2023, for gross proceeds of US$1,370,000 (C$1,871,557). The proceeds from the Debentures will be applied towards working capital and the restart of copper concentrate production at its Punitaqui copper project in Chile (the Restart).
The Company anticipates announcing an additional closing with respect to the Private Placement in the near-term. The Company paid a cash finders fee equal to 6.0% on US$500,000(C$683,050) of the gross proceeds arising from the first closing of the Private Plac...
