Quantum Numbers Corp. Announces Its Plan to Raise a Round of Capital Investment to Help Finance the Next Level of Development, a Planned CMOS Implementation and Help Position Its Initial Entry in the Healthcare Industry
Montreal, Canada - TheNewswire - October 01, 2020 – (TSXV:QNC) Quantum Numbers Corp. (the "Corporation" or "QNC"), an innovative developer of cryptographic solutions based on Quantum Random Number Generator (QRNG) announces a plan to raise its next round of capital investment for a non-brokered placement.
“The next round of capital investment for QNC will be dedicated to further advance our technology and implement our proven patented design at the CMOS chip level. Also, during the past few months, our Board Directors further analyzed and identified the most prevalent industries where our distinct QRNG patented technology will be most needed and accepted with its high levels of security benefits. According to our latest research, we foresee a compelling industry fit with the Healthcare Industry and a strong potential increase in demand that can be met with our current intellectual property assets and future embedded solutions.” Marc Rousseau, CEO.
The Corporation will be offering units at a price of $0.07 per unit (each, a "Unit") for gross proceeds of up to $750,000. Each Unit shall consist of one common share and one common share purchase warrant exercisable at a price of $0.15 for a period of 18 months from the date of grant. An acceleration clause is included. Should the Common Shares of the Corporation trade at a price per share of at least $0.20 for a period of not less than twenty consecutive business days, the Corporation may request that the holders of the Warrants exercise their Warrants into Common Shares of the Corporation within the twenty-business day-period following a notice to the Warrant’s holders to that effect.
All of the securities to be issued under the private placement will be subject to a four-month resale restriction. In connection with this transaction, finder's fees may be issuable to qualified parties in accordance with the policies of the Canadian Securities Exchange.
The company will hold videoconferences according to the following schedule:
Ontario and Quebec on October 6, 2020 at 13.30PM EST.
Western Canada on October 7, 2020 at 11:AM PST.
Maritime provinces on October 8, 2020 at 9:00AM EST.
Upon request, videoconferences can also be arranged with private groups.
To request a Zoom bridge or for more information please contact:
Quantum Numbers Corp.
Pierre C. Miron
T (514) 894-4324
This news release contains certain "forward-looking information" within the meaning of applicable securities law.
Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to the proposed timing and completion of the private placement and the proposed use of proceeds from the private placement. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
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