Quantum eMotion Private Placement Goes Free-Trading with 480 Percent Appreciation

May 24, 2022 04:34 PM PST

Quantum eMotion Corp. (TSX-V: QNC)

  • Type of financing: Non-brokered
  • Gross proceeds: $2 million
  • Number of units: 40 million
  • Price per unit: $0.05
  • Closing date: 01/15/2022
  • Today's closing price (May 24): $0.29
  • Share appreciation: 480%
  • Warrants: Full    
  • Strike Price: $0.15
  • Expiry date: 01/15/26

Company breakdown:

  • Changed named from Quantum Numbers Corp. earlier this year
  • Developing new systems to generate quantum random number for use in cybersecurity applications
  • The company says that "Quantum-level security is the only way to create secure
  • communication in mobile devices, data centres and even medical implants, to name just a few key markets."
  • The company released its quantum number generator in March, calling it "the fastest quantum entropy source on the market today"

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