United Battery Metals Update

Critical Minerals & Rare Earths, ESG & Cleantech

November 19, 2018 (Source) — United Battery Metals Corp. (CSE: UBM, OTC: UBMCF, FWB: 0UL) (“United Battery Metals” or the “Company“) announces that the Canadian Securities Exchange has made the Company aware of promotional materials being distributed by Inult Alles Auf Anfang (“Inult”) in Germany. Prior to being contacted by the CSE, the Company was unaware of Inult or the materials being distributed by Inult. Based on the information from the CSE, it appears that one of the principals of Inult is Helmut Pollinger, a principal of bullVestor Medien GmbH.

In light of this new information, the Company has severed its relationship with bullVestor Medien GmbH.


/s/ Michael Dehn
Michael Dehn
Chief Executive Officer and Director

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release and has neither approved nor disapproved the contents of this news release.

Cautionary Statement Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable securities laws, including statements relating to the Company’s strategic direction, the outlook of the business of the Company, the Company’s intention to explore and develop the Wray Mesa Property, the results of any such exploration and development, and the Company’s intention to acquire additional properties. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this news release are made as of the date of this release. Except as required under applicable securities legislation, the Company undertakes no obligation to update or revise forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.

4 responses

  1. Art D. Avatar
    Art D.

    Does this mean that UBM is saying it may or may not do anything with Wray Mesa? Is this why their OTC stock just fell 60+%?

    1. Allan Avatar

      Hi Art, The Wraw Mesa project is still underway http://www.ubmetals.com/about.html
      The stock fell 60% today and 30% on Friday. Not sure what is going on.

  2. bruce Avatar

    what is the reason for the halt in trading of ubm stock

  3. Hannibal Avatar

    For a detailed answer to your question please read Equity.Guru’s online article by Chris Parry titled, “United Battery Metals Abandons German Promo, to Form a New One by Market”, dated Nov. 20, 2018. The penny stock market is a mine field that few, if any, successfully negotiate unscathed.