Vancouver, British Columbia - Quantum Battery Metals Corp. (CSE: QBAT; OTC: BRVVF; FRA: 23B0) ('Quantum' or the 'Company') announces that it will be arranging a non-brokered private placement (the 'Private Placement') comprising of 1,166,666 Units (each a 'Unit') at a price of $0.30 Unit for gross proceeds of $350,000 following the cancellation of its previously announced private placement in May.
Each Unit comprises of one common share ('Shares') and one common share purchase warrant ('Warrants').
Each full warrant is transferrable and will be exercisable into a common share of the Company at a price of $0.40 per warrant for a period of 24 months from the date of distribution. The proceeds of the private placement will be used for general working capital. All securities issued in connection with the offering are subject to a statutory hold period of four months plus one day in accordance with applicable securities legislation from the date of issuance. The closing of the offering is subject to a number of conditions, including the receipt of all necessary corporate and regulatory approvals, including that of the CSE.
Contact:
Quinn Field-Dyte
Tel: 604.629.2936
Email: Info@quantumbatterymetalscorp.com
Forward-Looking Information
This news release includes certain statements that may be deemed 'forward-looking statements'. All statements in this release, other than statements of historical facts, that address events or developments that Quantum Battery Metals Corp. (the 'Company') expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'expects', 'plans', 'anticipates', 'believes', 'intends', 'estimates', 'projects', 'potential' and similar expressions, or that events or conditions 'will', 'would', 'may', 'could' or 'should' occur. 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 may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made.
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