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  • Q2 Metals (QTWO) has completed a private placement for gross proceeds of $10,250,000
  • The company issued 12,908,333 units
  • Gross proceeds will be used primarily for exploration expenses on the company’s Mia Lithium Property in Québec
  • Q2 Metals Corp. (QTWO) opened trading at C$0.79

Q2 Metals (QTWO) has completed a private placement for gross proceeds of $10,250,000.

“The closing of this private placement is a major milestone for the company that will enable us to complete a robust 2023 field exploration program that is expected to commence this spring with our inaugural drilling campaign planned for launch this summer,” said Q2 President and CEO, Alicia Milne.

“Our balance sheet stands at well over $11 million and with significant in-the-money warrants and options, we are well-capitalized for the foreseeable future. Members of the team will be attending PDAC in Toronto and look forward to meeting existing and prospective shareholders in person.”

Gross proceeds will be used for exploration expenses and general working capital.

A total of 312,500 shares and 937,000 finder’s warrants  were issued to Churchill SIG Pty Ltd. of Subiaco, Western Australia.

All securities issued will be subject to a statutory hold period of four months.

The company is currently advancing exploration of the Mia Lithium project in the James Bay area of Québec.

Q2 Metals Corp. (QTWO) opened trading at C$0.79.

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