Mr. Richard Penn reports
Q PRECIOUS & BATTERY METALS CORP. CLOSES FLOW THROUGH PRIVATE PLACEMENT
Q Precious & Battery Metals Corp. has closed a flow-through private placement previously announced July 9, 2024. The company issued a total of 7,749,999 units at a price of 1.5 cents per unit for total aggregate proceeds of $116,249.99.
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 five cents per share for a two-year term.
One insider participated in the private placement, purchasing a total of one million units for $15,000.
The company paid finders' fees to EMD Financial, consisting of $5,500 cash, 146,666 finder warrants and 183,333 compensation shares. The finder warrants are exercisable at a price of five cents per share for two years from the date of issuance.
The securities issued are 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.
Commentaires