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NEO Battery Materials Ltd. Receives Final TSXV Approval to Close Oversubscribed Financing TSXV: NBM) ( NEO or the Company ) is pleased to announce that it has received final TSXV approval to close its previously announced non-brokered private placement offering of 17,141,667 units of the Company ( Units ) at a price of $0.12 per unit for gross proceeds of $2,057,000, oversubscribing the financing by $557,000. Each Unit will consist of one common share and one common share purchase warrant exercisable at $0.16 per warrant for a period of 36 months. Certain directors and officers of the Company have participated in the Financing for an aggregate of 2,150,000 units, and are considered related parties to the Company under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ( MI 61-101 ). The Company is relying upon the exemptions from the formal valuation and minority shareholder approval requirements pursuant to sections 5.5(a) and (

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