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ARTICLE · 26 FEBRUARY 2020

Batteryone Closes Oversubscribed Private Placement Of Special Warrants

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On February 24, 2020, BatteryOne Royalty Corp. announced that it had sold 11,693,172 special warrants for aggregate gross proceeds of approximately $5.8 million by way of private placement

CanadaLitigation, Mediation & Arbitration
Denis Silva
Denis Silva
Tara Amiri-Khaledi
Tara Amiri-Khaledi
Jill Dunn
Jill Dunn
Sarah C. Baddeley
Sarah C. Baddeley
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On February 24, 2020, BatteryOne Royalty Corp. announced that it had sold 11,693,172 special warrants for aggregate gross proceeds of approximately $5.8 million by way of private placement (the "Closing").

A total of approximately $3 million from the Closing was used as an initial payment on a 2.0% net smelter royalty ("NSR") on future copper production on the Cantarito claim of the La Fortuna deposit within the NuevaUnion project in Chile, a 50-50 joint venture between Teck Resources Limited and Newmont Corporation. BatteryOne will make a further $1 million payment in 12 months to complete its payment obligations prior to the start of commercial production from the royalty area.

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