Q Precious arranges $1.5-million private placement

Executive Summary

• Q Precious & Battery Metals Corp. announced a proposed private placement of up to 16,666,667 flow‑through units at $0.09 per unit, targeting gross proceeds of up to $1.5 million.
• Each flow‑through unit includes one flow‑through common share and half of a non‑flow‑through common share purchase warrant (exercise price $0.12, two‑year term).
• The company may pay finder fees (up to 10% cash) or issue finder warrants (5%) and bonus shares (4%) as additional incentives; all securities are subject to a four‑month‑plus statutory hold period.

Key Details

• Units Offered: Up to 16,666,667 flow‑through units.
• Price per Unit: $0.09 CAD.
• Gross Proceeds Target: Up to $1.5 million CAD.
• Unit Composition:
• 1 flow‑through common share.
• ½ non‑flow-through common share purchase warrant (exercise at $0.12/share, exercisable for two years).
• Alternative Purchase Option: Subscribers may elect to buy flow‑through shares without warrants at $0.09 per share.
• Finder Compensation Options:
• Up to 10% cash finder fees.
• Finder warrants equal to 5% of units or shares sold (exercise price $0.09, two‑year term).
• Bonus shares equal to 4% of units or shares sold.
• Regulatory Condition: Offering subject to approval by the Canadian Securities Exchange.
• Statutory Hold Period: Four months and one day from issuance date for all securities issued under the placement.
• Use of Proceeds: To finance mineral exploration activities.

Notable Quotes

(No direct quotes were provided in the release.)