Neo Battery Materials Ltd. (TSXV:NBM) announced a non-brokered private placement of up 12,500,000 units at a price of CAD 0.12 per unit for gross proceeds of up to CAD 1,500,000 on April 26, 2021. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at an exercise price of CAD 0.16 per share for a period of 3 years from the date of issuance. Certain insiders of the company may participate in the transaction. The transaction is subject to approval by the TSX Venture Exchange. All securities issued are subject to a four-month hold period from the date of issuance.