Quantum Cobalt Closes $1,000,000 Financing
News Release
March 11, 2021
QUANTUM COBALT CLOSES $1,000,000 FINANCING
Vancouver, British Columbia – Quantum Cobalt Corp. (CSE: QBOT; OTC: BRVVF; FRA: 23BA)
(“Quantum” or the “Company”) announces the closing of its previously announced non-brokered
private placement (the “Private Placement”) comprising of 4,166,666 units at a price of $0.24 per unit for
gross proceeds of $1,000,000.
Each unit will be comprised one common 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 period of 12
months at an exercise price of $0.31 during the 12 months. The proceeds of the private placement will be
used for general working capital.
The Company would also like to announce the appointment of Quinn Field-Dyte as CFO of the Company
following the resignation of Kenneth Tollstam.
The Company would like to thank Mr. Tollstam for his time and direction with the Company and wishes
him well in his future endeavours.
QUANTUM COBALT CORP.
“David Greenway”
_______________________
David Greenway, CEO and Director
Contact Information:
400-837 West Hastings Street
Vancouver, British Columbia
V6C 3N6
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 Cobalt
Corp. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are
not hist orical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes",
"intends", "estimates", "pro jects", "potential" a nd 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 on reasonable assumptions, su ch statements are not guarantees of future perf ormance 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 suc cesses, 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 a ctual results or deve lopments may differ materi ally from those projected in the
forward-looking statements. F orward-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.