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Q2 Metals Receives Proceeds of $2.0 Million from Shareholder Warrant Exercises
Vancouver, British Columbia--(Newsfile Corp. - December 4, 2023) - Q2 Metals Corp. (TSXV: QTWO) ...
About this update from Q2 Metals Corp
[{"type":"text","content":"Q2 Metals Receives Proceeds of $2.0 Million from Shareholder Warrant ExercisesVancouver, British Columbia--(Newsfile Corp. - December 4, 2023) - Q2 Metals Corp. (TSXV: QTWO) (OTCQB: QUEXF) (FSE: 458) (\"Q2\" or the \"Company\") is pleased to announce that it has received total proceeds of $2,011,425 for exercised warrants that were issued pursuant to the private placement that closed on December 1, 2021. In total, 8,045,700 warrants were exercised by shareholders. The aggregate proceeds received from the exercise of warrants will be used for working capital purposes. \"We truly appreciate our shareholders and their continued endorsement and support of Q2 through the exercise of these warrants,\" said Q2 CEO & President, Alicia Milne. \"This reflects shareholder confidence, improves our already strong balance sheet and increases our financial flexibility.\" Q2 is continuing to advance its inaugural drill program at its Mia Lithium Property located in the Eeyou Istchee James Bay Territory of Quebec. The drill program has two active drill rigs exploring the nearly 10-kilometre-long Mia Lithium Exploration Trend. The Company has announced the details of its first five drill holes, all of which intercepted pegmatite with visual indication of spodumene mineralization identified. The Company will continue to provide updates on its progress in the coming weeks. About Q2 Metals CorpQ2 Metals Corp. is a Canadian mineral exploration company currently advancing exploration of its 8,668-ha flagship Mia Lithium Property in the Eeyou Istchee James Bay Territory of Quebec, Canada which is host to the Mia Li-1 and Mia Li-2 lithium occurrences. The Company also owns the Stellar Lithium Property with 77 claims totaling 3,972-ha, located approximately six kilometres north of its Mia Lithium Property.Q2 is also exploring the highly prospective Big Hill and Titan gold projects covering approximately 110 km² in the Talgai Goldfields of the broader Warwick-Texas District of Queensland, Australia, hosting 54 high-grade historical gold mines.FOR FURTHER INFORMATION, PLEASE CONTACT:Alicia MilnePresident & [email protected] McBrideCorporate Communications [email protected] Telephone: 1 (800) 482-7560 E-mail: [email protected] Follow the Company: Twitter, LinkedIn, Facebook, and InstagramForward-Looking StatementsThis news release co...