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Q BATTERY TO CLOSE $301,000 FIRST TRANCHE OF PLACEMENT

  • Writer: Mr. Richard Penn
    Mr. Richard Penn
  • Sep 17, 2023
  • 1 min read

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.

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