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  • Writer's pictureMr. Richard Penn

Q BATTERY CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT

Mr. Richard Penn reports


Q BATTERY METALS CORP. CLOSES FIRST TRANCHE OF FLOW THROUGH PRIVATE PLACEMENT


Q Battery Metals Corp. has closed the first tranche of a flow-through private placement previously announced Sept. 18, 2023. The company issued a total of 7,425,000 units at a price of four cents per unit.


Each unit consists of one flow-through common share and one-half of one non-flow-through share purchase warrant. Each warrant will entitle the holder to purchase a non-flow-through share at a price of 10 cents per share for a two-year term.


The company paid finder's fees to EMD Financial consisting of $28,500 cash, 356,250 common shares and 285,000 finders warrants exercisable at 10 cents per share for a two-year term.


The securities issued are 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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