14:34:27 EDT Thu 02 May 2024
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CA



QNB Metals arranges $250,000 private placement

2023-05-29 17:52 ET - News Release

Mr. Stephane Leblanc reports

QNB METALS ANNOUNCES $250,000 NON-BROKERED PRIVATE PLACEMENT

QNB Metals Inc. intends to complete a non-brokered private placement of up to five million units of the corporation at a price of five cents per unit for aggregate gross proceeds of up to $250,000. Each unit will consist of one common share in the capital of the corporation and one-half of one share purchase warrant, with each whole warrant exercisable into one share at an exercise price of 40 cents until the date that is 24 months following the closing of the private placement.

The net proceeds from the private placement will be used for general exploration and working capital. In connection with the private placement, the corporation may pay finders' fees to eligible finders. All securities issued in connection with the private placement will be subject to a statutory hold period of four months and a day from their issuance.

Completion of the private placement is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory approvals, including acceptance of the Canadian Securities Exchange (CSE).

About QNB Metals Inc.

QNB Metals is an exploration and development company focused on creating shareholder value through the strategic acquisition of nickel and copper projects while closing and maintaining key partnerships.

We seek Safe Harbor.

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