Mr. Richard Penn reports
Q PRECIOUS & BATTERY METALS CORP. CLARIFIES PRIVATE PLACEMENT
Q Precious & Battery Metals Corp. would like to clarify its press release dated Oct. 15, 2024, announcing a proposed non-flow-through private placement for gross proceeds of up to $625,000, issuing a total of up 12.5 million units (as defined herein) at a price of five cents per unit subject to Canadian Securities Exchange approval.
The company would like to clarify that each unit consists of one non-flow-through common share and one-half of one share purchase warrant. Each warrant will entitle the holder to purchase a non-flow-through 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 cash and 10 per cent 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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