Q Precious & Battery Metals Corp. Announces Closing of First Tranche of Private Placement for $886,000

Core Points - Q Precious & Battery Metals Corp. has closed the first tranche of its private placement offering, raising a total of $486,000 from the issuance of flow-through units and $399,999.96 from flow-through shares [1][2][3] Group 1: Offering Details - The company issued 5,400,000 flow-through units at a price of $0.09 per unit, resulting in gross proceeds of $486,000. Each unit includes one flow-through common share and one half of a share purchase warrant [2] - Additionally, 4,444,444 flow-through shares were issued at the same price of $0.09, generating gross proceeds of $399,999.96 [3] - Finder's fees will be paid to eligible finders, which may include up to 10% in cash, finder's warrants equal to 5% of the units or shares sold, and compensation shares equal to 4% of the units or shares sold [3] Group 2: Use of Proceeds - The proceeds from the offerings will be allocated to fund mineral exploration activities [4] Group 3: Regulatory and Compliance - The offering is subject to approval from the Canadian Securities Exchange, and the securities issued will be under a statutory hold period of four months and one day from the issuance date [4]