Quantum Battery Metals Signs Share Exchange Agreement with 1296991 B.c. Ltd.
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THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY
CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.
NEWS RELEASE
April 19, 2021
QUANTUM BATTERY METALS SIGNS SHARE EXCHANGE AGREEMENT WITH 1296991 B.C. Ltd.
Vancouver, British Columbia – Quantum Battery Metals Corp. (CSE: QBAT; OTC: BRVVF; FRA:
23B) (“Quantum” or the “Company”) announces that the Company ha s entered into a share
exchange agreement with 1296991 B.C. Ltd. (“1296991”) and the shareholders of 1296991
(collectively, the “Vendors”) to acquire 100 percent of the outstanding shares of 1296991.
About 1296991 B.C. Ltd.
1296991 B.C. Ltd. holds an option o ver the surface access rights, mineral rights, m ineral
exploration data and permits to thirty-two (32) mining claims comprising the Rose West Lithium
Project.
About the Rose West Lithium Project
Rose West Lithium Project consists of 32 mining claims covering approxi mately 1,695 hectares
area on NTS map 33C01 on the territory of Eeyou Istchee in James Bay area, Quebec, Canada. It
is located about 40 km north of Cree Village of Nemaska located about 300 km northwest of
Chibougamau. Located in a premier mining jurisdict ion in Quebec, the property i s accessible
through the James Bay Road that connects Matagami and Radisson (highway Route/109 from
Val d’Or). It is also accessible by road via the Route du Nord, usable all year round from
Chibougamau.
Highlights of the project
• Road accessible all year round
• Centrally located in a lithium rich geologic sub-province
Agreement terms
Quantum has agreed to acquire 100% ownership of 1296991 by issuing 7,000,000 common shares to
the Vendors upon closing.
– 2 –
Financing
The Company would also like to announce that it will be arranging a non-brokered private
placement (the “ Private Placeme nt”) comprising of up to 446,428 flow through units (“FT
Units”) at a pric e of $ 0.56 per FT Unit for gross proceeds of $ 250,000 with a 100%
overallotment option.
Each FT Unit will be comprised one flow through share of the Company and one common share
purchase warrant of the Company. Each warrant will be exercisable into a common share of the
Company for a peri od of 12 months at an exercise price of $0.69 for 12 months from issuance.
The proceeds of the private placement will be used for the mineral properties of the Company.
QUANTUM BATTERY METALS CORP.
“David Greenway”
_______________________
David Greenway, CEO and Director
Contact Information:
400 – 837 West Hastings Street
Vancouver, British Columbia
V6C 3N6
Email: [email protected]
Forward-Looking Informatio n This news r elease includes certain statements that may be
deemed "forward-looking statements". All statements in this release, other than state ments of
historical facts, that address events or dev elopments that Quantum Battery Metals Corp. (the
"Company") expects to occur, are forward-looking statements. Forward-looking statements are
statements t hat a re not historical facts and are generally, bu t not always, identifi ed by the
words "expect s", "pl ans", "an ticipates", "believes", "intends", "estimates", "projects" ,
"potential" and similar expressions, or that events or conditions "will", "would", "may", "could"
or "should" occur. Although the Compa ny believes the expectations expressed in such forward-
looking statements are based on reasonable assumptions, such sta tements are n ot guarantees
of future performance and actual results may differ materially fr om 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 avai lability of capital and f inancing, and general economic, market or bus iness
conditions. Inve stors are cau tioned tha t any s uch state ments are no t guarantees of future
performance and actual results or de velopments may differ materially from those projected in
the forward -looking st atements. Forward -looking statements are base d on the beliefs,
estimates and opi nions of t he Company's management on t he date the statements are made.
Except as req uired by appl icable securities laws, the Company undertakes no obli gation to
update these forward-looking statements in the event that management's beliefs, estimates or
opinions, or other factors, should change.
United States Advisory
– 3 –
The securities referred to herein have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act"), have been offered and sold
outside the United States to eligible inve stors pursuant to Regula tion S promulgated under the
U.S. Securities Act, and may not be offered, sold, or resold in the United States or to, or for the
account of or benefit of, a U.S. Person (as such term is defined in Regulation S under the United
States Securities Act) unless the securities are registered under the U.S. Securities Act, or an
exemption from the registration requirements of the U.S. Securities Act is available. He dging
transactions involving the securities must not be conducted unless in accordance with the U.S.
Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer
to buy any securities, nor shall there be any sale of securities in the state in the United States in
which such offer, solicitation or sale would be unlawful.