Quantum Battery Metals Closes and Oversubscribes $1,140,000 Non-Brokered Private Placement
NEWS RELEASE
March 24, 2022
QUANTUM BATTERY METALS CLOSES AND OVERSUBSCRIBES $1,140,000 NON-
BROKERED PRIVATE PLACEMENT
Vancouver, British Columbia – Quantum Battery Metals Corp. (CSE: QBAT; OTC:
BRVVF; FRA: 23B0) (“Quantum” or the “Company”) announces that it has closed and
oversubscribed its non-brokered private placement (the “Private Placement”) comprising of
2,280,000 Units (“Units”) at a price of $0.50 Unit for gross proceeds of $1,140,000.00.
Each Unit will be comprised of one common share and one common share purchase warrant of the
Company. Each warrant will be exercisable into a common share of the Company for a period of
12 months at an exercise price of $0.75 for 12 months from issuance. The proceeds of the private
placement will be used for the mineral properties of the Company, repayment of loans and general
working capital.
QUANTUM BATTERY METALS CORP.
“Andrew Sostad”
_______________________
Andrew Sostad, CEO and Director
Contact Information:
400 – 837 West Hastings Street
Vancouver, British Columbia
V6C 3N6
Phone: 604.629.2936
Email: [email protected]
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 M etals 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 o n
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. Except as required by applicable securities laws, the Company
undertakes no obligation to update these forward -looking statements in the event that
management's beliefs, estimates or opinions, or other factors, should change.