Q Battery Metals Corp. Closes Flow Through Private Placement
Q Battery Metals Corp. (CSE:QMET)(Frankfurt:0NB)(OTC PINK:BTKRF) has successfully completed a flow-through private placement, raising $200,000 by issuing 1,666,667 Units at $0.12 each. Each Unit includes one common share and a half warrant, allowing the purchase of a non-flow-through share at $0.16 for two years. The company provided $20,000 in cash and 166,667 warrants to Roche Securities Ltd. as finders' fees. Funds will support critical mineral exploration in Quebec, while securities are subject to a four-month hold period.
- Successfully raised $200,000 from private placement.
- Funding will be utilized for critical mineral exploration in Quebec.
- The offering may cause dilution of shares for existing shareholders.
- Forward-looking statements indicate risks in exploration and regulatory approvals.
VANCOUVER, BC / ACCESSWIRE / March 31, 2023 / Q Battery Metals Corp. (the "Company") (CSE:QMET)(Frankfurt:0NB)(OTC PINK:BTKRF) is pleased to announce that it has closed a flow through private placement for gross proceeds of
Each Unit consists of one flow-through common share and one half of one share purchase warrant (each whole warrant a "Warrant"). Each Warrant will entitle the holder to purchase a non-flow through share at a price of
The Company paid finders fees to Roche Securities Ltd. consisting of
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 critical mineral exploration activities in Quebec.
On behalf of the Board of Directors
Richard Penn
CEO
(778) 384-8923
Cautionary Statement
Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law including statements relating exploration program expenditures. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE, inability to effectively plan a program, third party land claims or failure to obtain permits. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the business plans for the Company as described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which are available at www.sedar.com.
SOURCE: Q Battery Metals Corp.
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