Quantum eMotion Closes Brokered LIFE Financing of $12,000,000

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MONTREAL, June 02, 2025 (GLOBE NEWSWIRE) -- Quantum eMotion Corp. (“QeM” or the “Corporation”) (TSX.V: QNC; OTCQB: QNCCF; F: 34Q0) is pleased to announce that it has closed its previously announced best efforts brokered private placement for total gross proceeds of $12,000,000 (the “Offering”), consisting of the issuance of 8,000,000 units of the Corporation (each a “Unit”) at a price of $1.50 per Unit (the “Offering Price”), pursuant to the listed issuer financing exemption (the “LIFE Exemption”) under Part 5A of National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”). A.G.P. Canada Investments ULC (the “Agent”) acted as sole bookrunner for the Offering and A.G.P./Alliance Global Partners acted as the sole U.S. agent to the Corporation in connection with the Offering.

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