BlueBird Battery Metals Inc. (TSXV:BATT) announced a private placement of 10,000,000 units at a price of CAD 0.2 per unit for gross proceeds of CAD 2,000,000 on August 28, 2020. Each unit consists of one common share and one common share purchase warrant. Each warrant can be exercisable to purchase an additional common share of the company at a price of CAD 0.35 per share for period of three years from the closing of the transaction.

The company may pay finders fees in whole or on part in relation to the transaction. All securities to be issued in the transaction will be subject to a hold period of four months and one day from the date of closing. The transaction is subject to acceptance from TSX Venture Exchange.