Q PRECIOUS CLOSES $285,000 FINAL TRANCHE OF FINANCING
- Mr. Richard Penn

- Aug 7
- 1 min read
Mr. Richard Penn reports
Q PRECIOUS & BATTERY METALS CORP. CLOSES PRIVATE PLACEMENT TRANCHE AND GRANTS OPTIONS
Q Precious & Battery Metals Corp. has closed the second and final tranche of its previously announced private placement offerings (see press releases dated July 3, 2025, July 11, 2025, and July 17, 2025).
The company issued 5.7 million flow-through units at a price of five cents per flow-through unit for gross proceeds of $285,000. Each flow-through unit consists of one flow-through common share and one whole warrant. Each flow-through unit warrant entitles the holder to purchase one common share at a price of seven cents per share for a term of three years from the date of closing.
The company paid finders' fees of up to 10 per cent in cash and issued finder warrants equal to 10 per cent of the number of flow-through units sold to eligible finders. Each finder warrant is exercisable at a price of five cents per share for a term of three years.
The proceeds from the offerings will be used for mineral and gas exploration activities and general working capital.
The company also announces that the company has granted 950,000 stock options with a three-year term and an exercise price of five cents per share to consultants of the company.
The offering and the stock option grant are subject to the approval of the Canadian Securities Exchange. The securities issued are subject to a hold period of four months and one day from the date of issuance.
We seek Safe Harbor.

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