Q BATTERY TO CLOSE $301,000 FIRST TRANCHE OF PLACEMENT
Mr. Richard Penn reports
Q BATTERY METALS CORP. ANNOUNCES FLOW THROUGH PRIVATE PLACEMENT
Q Battery Metals Corp. intends to close the first tranche of a flow-through private placement for gross proceeds of $301,000, issuing a total of 7,525,000 units (as defined below) at a price of four cents per unit subject to Canadian Securities Exchange approval.
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 will pay finder's fee to EMD Financial consisting of $28,900 in cash, 361,250 common shares and 289,000 finder warrants exercisable at 10 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.