Q BATTERY METALS SETTLES $81,500 OF DEBT WITH SHARES
Mr. Richard Penn reports
QMET SETTLES OUTSTANDING DEBT
Q Battery Metals Corp. has settled outstanding indebtedness of $81,500.
The company settled outstanding indebtedness of $81,500 in exchange for an aggregate of 1.63 million common shares of the company at a price of five cents per common share. This debt settlement included outstanding indebtedness of $50,000 owing to the company's chief executive officer, Richard Penn.
The securities, when issued will be subject to a four-month-and-one-day hold from the date of issuance. In addition, the debt settlement is subject to the approval of the CSE.
We seek Safe Harbor.