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  • Writer's pictureMr. Richard Penn

Q BATTERY METALS CLOSES FIRST TRANCHE OF FINANCING

Mr. Richard Penn reports


Q BATTERY METALS CORP. CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT


Q Battery Metals Corp. has closed the first tranche of a private placement previously announced on Nov. 27, 2023. The company issued a total of 13,775,000 units at a price of two cents per unit.

Each unit consists of one common share and one-half of one share purchase warrant. Each warrant will entitle the holder to purchase an additional common share at a price of five cents per share for a two-year term.


An insider of the company purchased 625,000 units. No finders' fees were paid with respect to the offering.


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 used for general working capital.


We seek Safe Harbor.

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