Quantum eMotion Corp. a non-brokered private placement of 15,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 750,000 on March 20, 2024. Each unit comprises one common share and one warrant of the corporation. Each warrant entitles its holder to acquire one common share of the corporation at a price of CAD 0.15 for a period of 12 months following the closing of the private placement. The securities issued in the private placement are subject to a four-month-and-one-day hold period expiring on July 22, 2024. The transaction included participation from several strategic investors including from insiders for CAD 117,500. The private placement was carried out pursuant to prospectus exemptions of applicable securities laws and is subject to final acceptance by the TSX Venture Exchange.
On April 5, 2024, the company announced that the TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 23 placees and 4 insiders for 2,350,000 shares.