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  • Writer's pictureMr. Richard Penn

Q BATTERY CLOSES $200,000 FINANCING

Mr. Richard Penn reports


Q BATTERY METALS CORP. CLOSES FLOW THROUGH PRIVATE PLACEMENT


Q Battery Metals Corp. has closed a flow-through private placement for gross proceeds of $200,000, issuing a total of 1,666,667 units (as defined below) at a price of 12 cents per unit.


Each unit consists of one flow-through common share and one-half of one share purchase warrant. Each warrant will entitle the holder to purchase a non-flow through share at a price of 16 cents per share for a two-year term.


The company paid finders' fees to Roche Securities Ltd. consisting of $20,000 cash and 166,667 warrants exercisable at 12 cents per share for a two-year term.


The securities issued will be subject to a four-month-and-one-day hold from the date of issuance.


The proceeds from the offering will be for critical mineral exploration activities in Quebec.


We seek Safe Harbor.

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