The proceeds from the Equity Private Placement will be used for the exploration program on the Company's Alexander project and for general working capital. The Common Shares issued in connection with the final tranche of the Equity Private Placement are subject to a hold period that expires on
About Canadian Quantum
Canadian Quantum is actively pursuing oil and gas opportunities in
This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Company's disclosure documents on the SEDAR website at www.sedar.com. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
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Canadian Quantum Energy Corporation Douglas BrettPresident & CEO (403) 532-8543 email@example.com Source: Canadian Quantum Energy Corporation