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Battery Mineral Resources Corp. Closes Second Tranche of Private Placement
Battery or the
Company ) is pleased to announce that it has completed the second and final tranche of its previously announced private placement (the
Private Placement ). On completion of the second tranche, the Company issued 1,538,462 common shares shares for additional proceeds of US$800,000, for aggregate gross proceeds of US$11.1 million and C$800,000.
As previously disclosed, Battery used a portion of the proceeds of the Private Placement to partially finance the acquisition from Minera Altos de Punitaqui Limitada (
MAP ), a wholly-owned subsidiary of Xiana Mining Inc. (
Xiana ), of the Punitaqui Mining Complex, a recently producing copper-gold mine located in the Coquimbo region of Chile (the