Mr. Richard Penn reports
Q PRECIOUS & BATTERY METALS CORP. ANNOUNCES PRIVATE PLACEMENT
Q Precious & Battery Metals Corp. has closed its private placement announced Dec. 4, 2024, for gross proceeds of $735,750.30, issuing a combination of flow-through (FT) units at a price of 10 cents per FT unit and non-flow-through (NFT) units at a price of 7.5 cents per NFT unit, subject to Canadian Securities Exchange approval.
Each FT unit consists of one flow-through common share and one-half of one whole share purchase warrant, Each NTF unit consists of one non-flow-through common share and one-half of one whole Warrant. Each warrant will entitle the holder to purchase a common share at a price of 12 cents per share for a two-year term.
The company paid finders' fees of $45,500.03 and 435,000 finders' warrants to eligible finders. Each finder's warrant shall be exercisable at a price of 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 mineral exploration activities and general working capital.
We seek Safe Harbor.
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