VANCOUVER, British Columbia, April 02, 2025 (GLOBE NEWSWIRE) — Vital Battery Metals Inc. (“Vital” or the “Company”) (CSE: VBAM | OTC: VBAMF | FRA: C0O), announces that it proposes to undertake a non-brokered private placement financing of up to 16,666,667 units (each, a “Unit”) of the Company at a purchase price of $0.065 per Unit, to raise total gross proceeds of up to $1,083,333 (the “Placement”).
Each Unit will consist of one common share of the Company (each, a “Share”) and one transferrable common share purchase warrant (each a “Warrant”). Each Warrant shall be exercisable into one additional common share for a period of 2 years from the closing date at an exercise price of $0.10. The Warrants contain an accelerated expiry clause (the “Acceleration Clause“). Pursuant to the Acceleration Clause, if the Shares of the Company close at or above $0.20 for ten (10) consecutive trading days on the Canadian…
