Mr. Richard Penn reports
Q PRECIOUS & BATTERY METALS CORP. ANNOUNCES PRIVATE PLACEMENT
Q Precious & Battery Metals Corp. has arranged a non-flow-through private placement for gross proceeds of up to $625,000, issuing a total of up 12.5 million units (as defined below) at a price of five cents per unit subject to Canadian Securities Exchange approval.
Each unit consists of one flow-through common share and one-half of one share purchase warrant. Each warrant will entitle the holder to purchase a common share at a price of 7.5 cents per share for a two-year term.
The company will pay finders' fees of up to 10 per cent in cash and 10 per cent in warrants to eligible finders.
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 mineral exploration activities and general working capital.
We seek Safe Harbor.
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