Mr. Richard Penn reports
Q BATTERY METALS CORP. ANNOUNCES PRIVATE PLACEMENT
Q Battery Metals Corp.'s board of directors intends to close a private placement financing of up to 10 million units (as defined herein) at two cents per unit for gross proceeds of up to $200,000 subject to Canadian Securities Exchange approval.
Each unit consists of one 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 five 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 general working capital.
We seek Safe Harbor.
Comments