NEO Battery Materials Announces Closing of Non-Brokered Private Placement Pursuant to Listed Issuer Financing Exemption
TORONTO, Nov. 27, 2023 (GLOBE NEWSWIRE) — (TSXV: NBM) (OTCQB:NBMFF)
NEO Battery Materials Ltd. (“NEO” or the “Company”), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to announce that, effectively on November 24, 2023, the Company had closed the non-brokered private placement of 11,386,860 units (the “Units”) of the Company at the price of $0.32 CAD per Unit (the “Offering Price”) for gross proceeds of $3,643,795.20 CAD (the “Offering”).
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