Recharge Resources Ltd (C:RR)
Shares Issued 101,331,116
Last Close 8/12/2021 $0.145
Thursday August 12 2021 – Acquisition
The TSX Venture Exchange has accepted for filing a share purchase agreement dated July 28, 2021, between the company and the shareholders of Battmetals Resources Corp., namely 1170147 B.C. Ltd. (Hani El Rayess), Roadman Investments Corp., Daniel Terrett, Arlene McGhee, 1274596 B.C. Ltd. (Nick Horsley), Kirk Hasley and John Malcolm Bell. Pursuant to the terms of the agreement, the issuer may acquire the shares of Battmetals through the issuance of 5.7 million shares to the vendors. Battmetals owns a 100-per-cent interest in the Murray Ridge and Pinchi Lake nickel projects in British Columbia.
Please refer to the company’s news release dated Aug. 3, 2021, for further details.
About Recharge Resources
Recharge Resources is a Canadian mineral exploration company focused on exploring and developing the production of high-value battery metals to create green, renewable energy to meet the demands of the advancing electric vehicle and fuel cell vehicle market.
On Behalf of the Board of Directors,
Yari Nieken, CEO
For further information, please contact:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding Recharge’s intention to continue to identify potential transactions and make certain corporate changes and applications. Forward looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits Recharge will obtain from them. These forward-looking statements reflect managements’ current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including Recharge’s inability to identify transactions having satisfactory terms or at all and the results of exploration or review of properties that Recharge does acquire. These forward-looking statements are made as of the date of this news release and Recharge assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.