Q2 Metals Closes Second and Final Tranche of Private Placement
Q2 Metals Corp. (TSXV:QTWO)(OTCQB:QUEXF) has closed the second and final tranche of its non-brokered private placement, raising $4,348,480. Combined with the first tranche, the total gross proceeds amount to $6,880,369. The company issued 8,506,315 charity flow-through units at $0.475 per unit, 1,200,000 non-flow-through units at $0.25 per unit, and 22,800 flow-through units at $0.35 per unit.
The proceeds will be used for Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures on Q2's lithium projects in Quebec. The securities are subject to a hold period expiring on December 10, 2024. Finders' fees of $62,250 and 249,000 broker warrants were paid in connection with the second tranche.
Q2 Metals Corp. (TSXV:QTWO)(OTCQB:QUEXF) ha chiuso la seconda e ultima tranche del suo collocamento privato non intermediarizzato, raccogliendo 4.348.480 dollari. Combinata con la prima tranche, il totale dell'incasso lordo ammonta a 6.880.369 dollari. L'azienda ha emesso 8.506.315 unità filantropiche a flusso a 0,475 dollari per unità, 1.200.000 unità non a flusso a 0,25 dollari per unità e 22.800 unità a flusso a 0,35 dollari per unità.
I proventi saranno utilizzati per spese di esplorazione canadese qualificabili come spese critiche nel settore minerario per i progetti di litio di Q2 in Quebec. I titoli sono soggetti a un periodo di blocco che scade il 10 dicembre 2024. Sono state pagate commissioni di intermediazione di 62.250 dollari e 249.000 warrant per broker in relazione alla seconda tranche.
Q2 Metals Corp. (TSXV:QTWO)(OTCQB:QUEXF) ha cerrado la segunda y última tranche de su colocación privada no intermediada, recaudando 4.348.480 dólares. Combinada con la primera tranche, el total de ingresos brutos asciende a 6.880.369 dólares. La empresa emitió 8.506.315 unidades filantrópicas de flujo a 0,475 dólares por unidad, 1.200.000 unidades no de flujo a 0,25 dólares por unidad y 22.800 unidades de flujo a 0,35 dólares por unidad.
Los ingresos se utilizarán para gastos de exploración en Canadá que califiquen como gastos críticos de minería mineral en los proyectos de litio de Q2 en Quebec. Los valores están sujetos a un período de retención que expira el 10 de diciembre de 2024. Se pagaron honorarios de intermediación de 62.250 dólares y 249.000 opciones de bróker en relación con la segunda tranche.
Q2 메탈스 Corp. (TSXV:QTWO)(OTCQB:QUEXF)는 비중개 민간 배치의 두 번째이자 마지막 분배금을 마감했습니다, 총 4,348,480 달러를 모금했습니다. 첫 번째 분배금과 합쳐 총 총계는 6,880,369 달러에 달합니다. 회사는 8,506,315개의 기부형 흐름 단위를 단위당 0.475 달러에, 1,200,000개의 비흐름 단위를 단위당 0.25 달러에, 그리고 22,800개의 흐름 단위를 단위당 0.35 달러에 발행했습니다.
수익금은 Q2의 퀘벡 리튬 프로젝트에 관한 캐나다 탐사 비용으로 사용될 예정입니다. 증권은 2024년 12월 10일에 만료되는 보유 기간의 적용을 받습니다. 두 번째 분배금과 관련하여 62,250 달러 및 249,000 개의 중개인 워런트에 대한 수수료가 지불되었습니다.
Q2 Metals Corp. (TSXV:QTWO)(OTCQB:QUEXF) a clôturé la deuxième et dernière tranche de son placement privé non intermédié, levant 4.348.480 dollars. Combiné avec la première tranche, le produit brut total s'élève à 6.880.369 dollars. La société a émis 8.506.315 unités de financement philanthropique à 0,475 dollar par unité, 1.200.000 unités non à flux à 0,25 dollar par unité, et 22.800 unités à flux à 0,35 dollar par unité.
Les fonds seront utilisés pour des dépenses d'exploration canadienne qualifiant comme des dépenses minières critiques par flux pour les projets de lithium de Q2 au Québec. Les titres sont soumis à une période de blocage se terminant le 10 décembre 2024. Des frais de recherche de 62.250 dollars et 249.000 warrants de courtier ont été payés en rapport avec la deuxième tranche.
Q2 Metals Corp. (TSXV:QTWO)(OTCQB:QUEXF) hat die zweite und letzte Tranche ihrer nicht vermittelte Privatplatzierung abgeschlossen und 4.348.480 Dollar gesammelt. In Kombination mit der ersten Tranche beläuft sich der gesamte Bruttoeinnahmen auf 6.880.369 Dollar. Das Unternehmen hat 8.506.315 wohltätige Flussdurchlässigkeitsanteile zu 0,475 Dollar pro Anteil, 1.200.000 nicht durchlässige Anteile zu 0,25 Dollar pro Anteil und 22.800 durchlässige Anteile zu 0,35 Dollar pro Anteil ausgegeben.
Die Einnahmen werden für kanadische Erkundungsausgaben verwendet, die als durchlässige, kritische Mineralabbaukosten für Q2s Lithiumprojekte in Quebec qualifizieren. Die Wertpapiere unterliegen einer Sperrfrist, die am 10. Dezember 2024 abläuft. Eine Findergebühr von 62.250 Dollar und 249.000 Maklerwarrants wurde im Zusammenhang mit der zweiten Tranche gezahlt.
- Successful completion of private placement raising $6,880,369 in total gross proceeds
- Funds to be used for exploration of lithium projects in Quebec
- Issuance of charity flow-through units at a premium price of $0.475 per unit
- Potential dilution of existing shareholders due to issuance of new shares and warrants
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC / ACCESSWIRE / August 9, 2024 / Q2 Metals Corp. (TSXV:QTWO)(OTCQB:QUEXF)(FSE:458) ("Q2" or the "Company") is pleased to announce that it has closed the second and final tranche (the "Second Tranche") of the non-brokered private placement of units of the Company as announced on July 10 and updated July 11, 2024 for aggregate gross proceeds of
Under the Second Tranche, the Company issued 8,506,315 charity flow-through units of Q2 at a price of
Gross proceeds from the issuance of the Charity Units and FT Units (as defined below) will be used to incur "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures", as such terms are defined in the Income Tax Act (Canada) (the "Tax Act"), on Q2's lithium projects in Quebec that the Company will renounce to the subscribers pursuant to the Tax Act with an effective date not later than December 31, 2024. Where applicable, gross proceeds from the sale of the FT Shares from purchasers in Québec will also qualify as "Canadian exploration expense" under the Taxation Act (Québec) and qualify for inclusion in the "exploration base relating to certain Québec exploration expenses" and the "exploration base relating to certain Québec surface mining exploration expenses", under the Taxation Act (Québec).
In this Second Tranche, the Company also issued an additional 1,200,000 non-flow-through units at a price of
The securities issued pursuant to this final tranche are subject to a hold period expiring on December 10, 2024 in accordance with applicable securities laws or the Exchange Hold Period under the policies of the TSXV. Aggregate finders' fees of
The Offering remains subject to receipt of acceptance by the TSX Venture Exchange ("TSXV"). The Company may pay finders' fees in accordance with the policies of the TSXV. All securities issued with respect to the Offering will be subject to a hold period of four months and one day in accordance with applicable securities laws or the Exchange Hold Period under the policies of the TSXV.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America.
The securities issuable pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws
About Q2 Metals Corp
Q2 Metals is a Canadian mineral exploration company focused on unlocking its portfolio of lithium projects in the Eeyou Istchee James Bay region of Quebec, Canada, that includes both its 100-per-cent-owned Mia Lithium Property and the Cisco Lithium Property.
The Cisco lithium property is located approximately 150 km north of Matagami, Que., and comprises 222 mineral claims and is 11,374 ha in size. The property has district-scale potential with an already identified mineralized zone and a discovery drill result of 115.4 metres of 1.40 percent lithium oxide (hole CS-23-05), cumulatively in five separate pegmatites.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Alicia Milne | Jason McBride |
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President & CEO | Corporate Communications |
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Telephone: 1 (800) 482-7560 E-mail: info@Q2metals.com
Follow the Company: Twitter, LinkedIn, Facebook, and Instagram
Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, "forward- looking statements") within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, any statements or plans regard the geological prospects of the Company's properties and the future exploration endeavors of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions.
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement. Forward looking statements in this news release include, but are not limited to, the Offering, the focus of the Company's current and future exploration and drill programs, the scale, scope and location of future exploration and drilling activities, the Company's expectations in connection with the projects and exploration programs being met, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, variations in ore grade or recovery rates, changes in project parameters as plans continue to be refined, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for its recently completed fiscal period, which is available under Company's SEDAR profile at www.sedarplus.ca.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Q2 Metals Corp.
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