Mining & Metals
QScreen AI Up 12% as it Raises C$243,820 After Closing First Tranche of Private Placement
QScreen AI (QAI.CN) shares rose 12% on Thursday after it completed the first tranche of its non-brokered private placement through the issuance of 4.9-million units at $0.05 apiece for about C$243,820.Each unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to buy a share for C$0.07 for a three-year period from the date of issuance, subject to an acceleration clause.Proceeds will be used to support commercialization initiatives, business development activities, technology advancement, strategic market expansion and general working capital needs, it said.
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