Mr. Richard Penn reports
Q PRECIOUS & BATTERY METALS CORP. ANNOUNCES PRIVATE PLACEMENTS
Q Precious & Battery Metals Corp. has arranged the following proposed private placement offerings:
- An offering of up to two million non-flow-through (NFT) units at a price of five cents per NFT unit for
gross proceeds of up to $100,000. Each NFT unit will consist of one non-flow-through common share and
one whole warrant. Each NFT unit warrant will entitle the holder to purchase one
common share at a price of 5.5 cents per share for a term of three years;
- An offering of up to six million flow-through (FT) units at a price of five cents per FT unit for gross
proceeds of up to $300,000. Each FT unit will consist of one flow-through common share and one whole
warrant. Each FT unit warrant will entitle the holder to purchase one common share
at a price of seven cents per share for a term of three years.
The company will pay finders' fees of up to 10 per cnet in cash and issue finders' warrants equal to 10 per cent of the number of NFT units and FT units sold to eligible finders. Each finder's
warrant will be exercisable at a price of five cents per share for a term of three years.
The offerings are subject to the approval of the Canadian Securities Exchange. The securities issued will
be subject to a hold period of four months and one day from the date of issuance.
The proceeds from the offerings will be used for mineral and gas exploration activities and general working
capital.
We seek Safe Harbor.
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