Canadian Quantum Energy Announces Proposed $2,000,000 Private Placement Financing
CALGARY, ALBERTA--(Marketwire - May 7, 2012) - Canadian Quantum Energy Corporation ("Canadian Quantum" or the "Corporation") (TSX VENTURE:CQM) announced today that the Corporation intends to complete a non-brokered private placement offering of flow-through units at $0.24 per flow-through unit, for gross proceeds of up to $2 million. Each flow-through unit will consist of one common share to be issued on a "flow-through" basis and one-half of one common share purchase warrant. Each whole warrant will entitle the holder thereof to acquire one common share at a price of $0.30 per share for a period of six months from the date of closing.
