Battery X Metals Unveils Strategic Financial Initiatives

Battery X Metals Inc., based in Vancouver, has announced several strategic financial initiatives, including a non-brokered private placement, a proposed debt settlement, and a convertible loan agreement. The private placement involves issuing 12 million units at $0.05 per unit, aimed at raising $600,000. Each unit will include one common share and one warrant, allowing for additional share purchase at $0.075, valid for two years post-closing.

The company plans to settle $600,000 in debt by issuing similar units to creditors. Both initiatives are expected to close around December 20, 2024, pending regulatory approvals. Insiders may participate, with no finder's fees involved.

Additionally, Battery X Metals has entered a convertible loan agreement with a third-party for $101,289.51, convertible into company units under similar terms to the private placement. The company emphasizes that these securities are not registered or available for sale in the United States.