Patriot Battery Metals Announces Closing of $11M Flow-Through Financing

VANCOUVER, British Columbia, Dec. 22, 2021 (GLOBE NEWSWIRE) — Patriot Battery Metals Inc. (the “Company” or “Patriot”) (CSE: PMET) (OTCQB: RGDCF) (FSE: R9GA) has completed a private placement of 17,973,856 units at a price of C$0.612 per unit for aggregate gross proceeds of C$10,999,999.87 (the “Offering”). Each unit is comprised of one flow through common share and one common share purchase warrant exercisable for two years at a price of $0.75 (collectively, the “FT units”). In addition to statutory four-month resale restrictions, the FT units are subject to a contractual restriction on resale expiring 12 months from the completion of the Offering. Read More