VANCOUVER, BC , Dec. 3, 2023 /CNW/ -
FE Battery Metals Corp. announces it has closed the non-brokered private placement previously announced on November 8, 2023, for gross proceeds of $1,105,000. The Company will issue 675,000 common shares at a price of $0.40 cents per share for gross proceeds of $270,000, as well as issue 1,855,554 flow-through units at a price of $0.45 cents per flow-through unit for gross proceeds of $835,000. Each flow-through unit consists of one flow-through share and one-half common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at a price of $0.65 cents per share for a period of two years from the issue date. Closing of the private placement is subject to obtaining all required approvals, including from the...