VANCOUVER, British Columbia, March 15, 2024 (Globe Newswire) — MegaWatt Lithium and Battery Metals Corp. (CSE:MEGA) (FSE: WR20) (OTCQB: WALRF) (the “company” or “megawatt) is in addition to the news releases dated January 23, 2024, January 30, 2024 and March 8, 2024, as well as the concurrent unbrokered common stock announcements previously announced by the Company. We are pleased to announce that we have completed the second and final tranche of our private placement. Our capital (“stock”) Issued 1,300,000 shares at $0.10 per share for total proceeds of $130,000.00 (“”)Simultaneous PP”).
All securities issued in connection with the Concurrent PP are subject to a statutory holding period of 4 months + 1 day pursuant to applicable securities laws that expire on July 16, 2024.
In connection with the Concurrent PP, the Company paid cash fees totaling $3,850 to the Eligible Finders.
The Company will use the net proceeds from the Concurrent PP for real estate payments, real estate exploration and general working capital.
The securities issued pursuant to the Concurrent PP have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and will not be registered in, in or for the United States, or for the account or purpose of the United States. May not be offered or sold for profit. U.S. persons who are not registered in the United States or do not have an applicable exemption from U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful. Not.
In addition to the termination of the Concurrent PP, we will terminate the Marketing Services Agreement (“marketing agreement”) Outside The Box Capital Inc., an independent company (“OTBC”) Oakville, Ontario to provide marketing and distribution services and communicate information about our company to the financial community. The initial term of the marketing agreement is six months beginning January 29, 2024, and we will You will pay a cash fee of CAD 150,000 (plus applicable taxes) and may pay an additional monthly cash budget for marketing services if needed.
About MegaWatt Lithium and Battery Metals Corp.
MegaWatt is a British Columbia-based company involved in the acquisition and exploration of mineral resources in Canada. The Company owns a 100% undivided interest in the Cobalt Hill Property, which consists of eight mineral claims covering an area of approximately 1,727.43 hectares located in Trail Creek Mining, and holds all base, rare earth and precious metals. subject to an NSR of 1.5%. Department of British Columbia, Canada.
In addition, the Company indirectly holds a 100% interest (subject to a 2% NSR) in two planned silver-zinc projects in Australia, the Tyr Silver Project and the Century South Silver-Zinc. I have acquired an interest. The project (see press release of October 15, 2020) is an indirect 100% interest (subject to a 1% NSR) in certain mining areas in Australia's Northern Territory and New South Wales, with nickel and Cobalt scandium and rare earths are expected. element.
The Company holds a 100% interest (subject to a 2% NSR) in the Route 381 Lithium Property, located in the James Bay Territory, north of Mattagami, Quebec, and consisting of 40 mineral claims covering 2,126 hectares. (See Press Released February 3, 2021) also announced the acquisition of 229 additional mineral exploration claims with lithium prospects in Quebec's James Bay region covering an area of 12,116 hectares or 121 square kilometers. Acquired 100% interest.
Investors can learn more about the company and team at https://megaattmetals.com.
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CSE is not responsible for the adequacy or accuracy of this release.
This press release contains forward-looking information that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the Company's control. Forward-looking statements may include, without limitation, statements regarding trading of our common stock on exchanges and our use of the proceeds, including all risks and uncertainties normally associated with such events. Affected by certainty. Investors are cautioned that such statements are not guarantees of future events and actual events or developments may differ materially from those anticipated in the forward-looking statements. Such forward-looking statements represent management's best judgment based on information currently available. No securities regulatory authority has approved or disapproved the contents of this news release.
SOURCE MegaWatt Lithium and Battery Metals Corp.
For more information, please contact us below.
Kelvin Lee, Chief Financial Officer
kelvin@megawattmetals.com, (236) 521-6500
