Coniagas Battery Metals Inc. announced a non-brokered private placement of a maximum of 5,000,000 units at a price of CAD 0.12 per unit for maximum gross proceeds of CAD 600,000 on June 28, 2024. Each unit will be comprised of one common share and one-half of a common share purchase warrant. Each full warrant will entitle the holder thereof to purchase one additional common share at a price of CAD 0.15 for two years from the date of issuance.

In connection with the private placement, the company will pay a cash finder?s fee in an amount equal to 7% of the proceeds from subscribers identified by finders and will issue warrants to finders in an amount equal to 7% of the number of units issued to subscribers identified by them. Each of the finder?s warrants will entitle its holder to purchase one additional common share at a price of CAD 0.15 for two years from the date of issuance. The company expects to hold a first closing of the private placement on or before July 11, 2024.

The private placement is subject to final approval by the TSX Venture Exchange.