Former Grid Subsidiary, AC/DC Battery Metals Closes $2,000,000 Private Placement and Announces Commencement of Trading on the TSX Venture Exchange

AC/DC Battery Metals has completed a CAD$2,000,000 non-brokered private placement, issuing 40,000,000 units at CAD$0.05 each. Each unit consists of one common share and one share purchase warrant, allowing the purchase of an additional share at the same price within five years. The units are subject to a four-month hold period ending November 4, 2024. The funds will be used for exploration, development, and general working capital. AC/DC shares began trading on the TSX Venture Exchange under the symbol TSXV: ACDC on July 8, 2024. AC/DC insiders bought 3,000,000 units, invoking exemptions from certain valuation and minority shareholder approval requirements.