Patriot Battery Metals ASX Listing Update

Provided By Globe Newswire

Last update: Dec 1, 2022

VANCOUVER, British Columbia, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX-V: PMET) (OTCQB: PMETF) (FSE: R9GA) is pleased to announce that it has successfully completed an initial public offering on the Australian Securities Exchange ("ASX") of 7,000,000 CHESS Depository Interests (each, a "CDI" and each 10 CDIs representing one fully paid Common Share for a total of 700,000 underlying Common Shares), at a price of AUD$0.60 per CDI, for gross proceeds of AUD$4,200,000 (approximately CAD$3,654,000). The Company has received approval, subject to the usual conditions, from the ASX to Patriot's admission to the Official List and to the Official Quotation of Patriot's CHESS Depository Interests (CDIs). Patriot is working with ASX to meet the listing conditions and it is expected that trading in Patriot's CDIs (assigned a code of "PMT") on the ASX will commence on a normal settlement basis on December 7, 2022 (Australian time).