Q2 Metals Announces Repricing of Warrants
Q2 Metals Announces Repricing of Warrants
Vancouver, British Columbia--(Newsfile Corp. - May 24, 2024) -
Q2 Metals Corp. (TSXV: QTWO)
(OTCQB: QUEXF) (FSE: 458)
("
Q2
" or the "
Company
") announces that subject to acceptance by the
TSX Venture Exchange (the "TSXV"), the Company intends to amend the exercise price of an
aggregate of 12,908,333 outstanding common share purchase warrants of the Company that were
issued as part of the Company's private placement that closed on February 23, 2023 (the "Warrants").
The Warrants had an original exercise price of $1.25 and the Company intends to amend the exercise
price to $0.60 following receipt of TSXV acceptance. All other terms of the Warrants remain the same,
including the expiry date of February 23, 2025.
About Q2 Metals Corp.
Q2 Metals is a Canadian mineral exploration company focused on unlocking its portfolio of lithium
projects in the Eeyou Istchee James Bay region of Quebec, Canada, that includes its 100-per-cent-
owned Mia lithium property.
The Company's exploration advancement at its 8,668-hectare flagship Mia lithium property is focused on
the more than 10-kilometre-long Mia trend which is host to both the Mia 1 and Mia 2 lithium occurrences
and 11 other mineralized zones along trend.
In addition to the Mia lithium property, the Company expects to add the Cisco lithium property to its
property portfolio once the property transaction closes.
The Cisco lithium property is located
approximately 150 km north of Matagami, Que., and comprises 222 mineral claims and is 11,374 ha in
size. The property has district-scale potential with an already identified mineralized zone and a discovery
drill result of 115.4 metres of 1.40 per cent lithium oxide (hole CS-23-05), cumulatively in five separate
pegmatites.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Alicia Milne
President & CEO
Jason McBride
Corporate Communications
Telephone:
1 (800) 482-7560
E-mail:
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Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively,
"forward-looking statements") within the meaning of applicable Canadian legislation. Forward-looking
statements are typically identified by words such as: "believes", "expects", "anticipates", "intends",
"estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such
words and phrases and similar expressions, which, by their nature, refer to future events or results that
may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news
release that are not purely historical are forward-looking statements and include statements regarding
beliefs, plans, expectations and orientations regarding the future including, without limitation, any
statements or plans regard the geological prospects of the Company's properties and the future
exploration endeavors of the Company. 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 or developments may differ materially from those
in the forward-looking statements. Forward-looking statements are based on a number of material
factors and assumptions.
Forward-looking statements involve known and unknown risks, uncertainties and other factors that
may cause actual results to differ materially from those anticipated in such forward-looking
statements. The forward-looking statements in this news release speak only as of the date of this news
release or as of the date specified in such statement. Forward-looking statements in this news release
include amending the exercise price of the Warrants, receiving TSX Venture Exchange acceptance of
the repricing of the Warrants, the addition of the Cisco lithium property once the property transaction
closes, the Company's objectives, goals or future plans, statements, exploration results, potential
mineralization, the estimation of mineral resources, exploration and mine development plans, timing
of the commencement of operations and estimates of market conditions. Factors that could cause
actual results to differ materially from those in forward-looking statements include failure to obtain
necessary approvals, variations in ore grade or recovery rates, changes in project parameters as
plans continue to be refined, unsuccessful exploration results, changes in project parameters as
plans continue to be refined, results of future resource estimates, future metal prices, availability of
capital and financing on acceptable terms, general economic, market or business conditions, risks
associated with regulatory changes, defects in title, availability of personnel, materials and equipment
on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving
government approvals, unanticipated environmental impacts on operations and costs to remedy
same. Readers are cautioned that mineral exploration and development of mines is an inherently
risky business and accordingly, the actual events may differ materially from those projected in the
forward-looking statements. Additional risk factors are discussed in the section entitled "Risk Factors"
in the Company's Management Discussion and Analysis for its recently completed fiscal period,
which is available under Company's SEDAR profile at
www.sedarplus.ca
.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the
forward-looking statements prove incorrect, actual results may vary materially from those described
herein as intended, planned, anticipated, believed, estimated or expected. Although the Company
has attempted to identify important risks, uncertainties and factors which could cause actual results to
differ materially, there may be others that cause results not to be as anticipated, estimated or
intended. The Company does not intend, and does not assume any obligation, to update this forward-
looking information except as otherwise required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/210577