Highlights
12,808,333 warrants issued in the Company's February 2023 private placement financing have been exercised.
Total proceeds of $7,684,999.80 have been received.
VANCOUVER, BC / ACCESS Newswire / February 26, 2025 / Q2 Metals Corp. (TSXV:QTWO)(OTCQB:QUEXF)(FSE:458) (" Q2 " or the " Company ") is pleased to announce that a total of 12,808,333 share purchase warrants bearing a strike price of $0.60 per share (the "Warrants") were exercised prior to their expiry date. The Warrants were issued in connection with a private placement financing that closed on February 23, 2023. Total proceeds of $7,684,999.80 was received from the exercised Warrants.
"We are extremely pleased to add the cash proceeds from the exercise of these expiring Warrants to Q2's strong balance sheet. Our fiscal year-end of February 28 will reflect a cash position of approximately $12.3m. Our fully funded 2025 winter drill campaign at Cisco is underway and we look forward to displaying our core and speaking with investors at a very busy PDAC next week," said Alicia Milne, President and Chief Executive Officer of Q2 Metals.
Upcoming Events
PDAC Booth and Core Shack The Company will be attending and exhibiting on site at the 2025 Prospectors & Developers Association of Canada event ("PDAC 2025") in Toronto, ON.
Q2 is exhibiting in the Investors Exchange from March 2 - 5, 2025 at booth number 2726 and will also be exhibiting core from the Cisco Lithium Project at the PDAC 2025 Core Shack on March 4 - 5, 2025.
