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Quantum Battery Metals Corp. (CSE: QBAT) (OTC Pink: BRVVF) (FSE: 23B) ("Quantum" or the "Company") provides an update to its previously announced listed issuer financing exemption ("LIFE") offering.
Following further review to ensure compliance with paragraph 5A.2(e) of National Instrument 45-106 – Prospectus Exemptions, the Company has reduced the maximum offering to 1,750,000 units of the Company (the "Offered Units") at a price of $0.29 per Offered Unit, for maximum gross proceeds of up to $507,500.
The Company further announces that it is currently included on the British Columbia Securities Commission's default issuer list. As a result, the Company will halt the LIFE financing until further notice. The Company intends to resume the financing once the outstanding continuous disclosure items have been resolved and filed.
In addition, the Company wishes to clarify that while it previously announced that the LIFE offering document had been filed, the document was not uploaded at that time. The Company confirms that the offering document has now been filed and is available under the Company's profile on SEDAR+.
The Company will provide further updates as appropriate.
About Quantum Battery Metals Corp.
Quantum Battery Metals Corp. is focused on the exploration and development of battery metals projects critical to the growing electric vehicle and renewable energy sectors. The Company is committed to responsible exploration and value-driven growth.
On Behalf of the Board of Directors
"David Greenway"
David Greenway
Chief Financial Officer and Director
For further information, please contact:
400 – 837 West Hastings Street
Vancouver, British Columbia V6C 3N6
Phone: 604.629.2936
Email: info@quantumbatterymetalscorp.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
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 generally, but not always, identified by words such as "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential," or similar expressions, or statements 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 expressed or implied. Factors that could cause actual results to differ materially include, without limitation, market prices, exploration and exploitation risks, availability of capital and financing, regulatory approvals, and general economic, market, or business conditions.
Forward-looking statements are based on the beliefs, estimates, and opinions of management as of the date of this news release. Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events or circumstances.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284391
