Q2 Metals Announces Upsized Private Placement of Flow-Through Shares
VANCOUVER, British Columbia, July 25, 2025 (GLOBE NEWSWIRE) — Q2 Metals Corp. (TSX.V: QTWO | OTCQB: QUEXF | FSE: 458) ('Q2' or the 'Company') is pleased to announce that the Company has amended its agreement with Canaccord Genuity Corp., as sole agent (the 'Agent'), to increase the size of its previously announced best efforts private placement to raise aggregate gross proceeds of $21,000,000 (the 'Offering'). The Offering shall consist of 21,000,000 common shares of the Company that qualify as 'flow-through shares' (within the meaning of subsection 66(15) of the Tax Act (as defined below) at a price of $1.00 per FT Share (as defined below) (the 'Offering Price'). The FT Shares shall be comprised of 20,000,000 offered pursuant to the Listed Issuer Financing Exemption (as defined below) (the 'LIFE FT Shares') and 1,000,000 offered by way of private placement (the 'Non-LIFE FT Shares' and, together with the LIFE FT Shares, the 'FT Shares'). In addition, the Company will grant the Agent an option to sell up to an additional 5,000,000 LIFE FT Shares at the Offering Price to raise additional gross proceeds of up to $5,000,000 (the 'Agent's Option') on the same terms and conditions as set out herein. The Agent's Option is exercisable in whole or in part at any time, up to the Closing Date (as defined below).
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