QNB Metals Inc. announced a non-brokered private placement of maximum of 500 units at a price of CAD 1,000 per unit for aggregate gross proceeds of CAD 500,000 on December 19, 2023. Each unit will consist of 16,000 flow-through common shares in the capital of the company and 4,000 common shares, each at a deemed price of CAD 0.05 per share. In connection with the Private Placement, the company may pay finder?s fees to eligible finders.

All securities issued in connection with the Private Placement will be subject to a statutory hold period of 4 months and a day from their issuance. Completion of the Private Placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including acceptance of the Canadian Securities Exchange