January 5, 2021- International Battery Metals Ltd. (the “Company”) (CSE: “IBAT”) is pleased to announce that its shareholders (the “Shareholders”) have voted at the annual and special meeting of Shareholders (the “Meeting”) in favour of all matters put to the Shareholders at the Meeting. A total of 51,011,565 common shares were voted at the Meeting, representing 57.33% of the votes attached to all outstanding common shares of the Company.
Shareholders voted in favour of all items of business before the Meeting, including ratifying and approving the Sorcia Minerals LLC Private Placement announced on September 3, 2020 by 99.38% of the votes cast at the Meeting, ratifying and approving the EVL Holdings, LLC Private Placement announced on November 2, 2020 by 99.31% of the votes cast at the Meeting, and the election of all director nominees as follows: Name Votes For Votes For % John Burba 40,437,588 99.65% Logan Anderson 40,437,938 99.50% Rodger Cree 40,449,813 99.68% David Ryan 40,447,813 99.68% In addition, the Company has granted, pursuant to its Stock Option Plan, options to purchase 8,148,500 shares exercisable for a period of 5 years at $0.38 per share (the “Options”) to directors and officers. This includes 4,898,500 Options to the Company’s Chief Executive Officer and President, and 2,450,000 Options to the Company’s Chief Financial Officer.
The Company has also issued 100,000 shares to Amteck Financial Consulting Corp. pursuant to the terms of a consulting agreement entered June 1, 2017. Forward‐looking and cautionary statements This release may contain certain forward‐looking statements with respect to the financial condition, results of operations and business of the Company and certain of the plans and objectives of the Company with respect to the same.
By their nature, forward‐looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward‐looking statements
