Download PDF | View documents on Sedar
Montreal, December 13, 2018 – Quebec Precious Metals Corporation (TSX.V: CJC, FSE: YXEN, OTC-BB: CJCFF) (“ QPM ” or the “ Company ”) announces that it has granted an aggregate of 2,445,000 stock options (the “Options”) of the Company. Of this number, 1,320,000 have been granted to its directors and officers, 500,000 to Paradox Public Relations (“Paradox”) and 625,000 to three consultants. Paradox is an investor relations firm retained by the Company, of which Mr. Jean-François Meilleur, President of the Company, is an officer and shareholder.
Each Option entitles its holder to purchase one common share of the Company at a price of $0.61 per share for a five-year period except for the Options granted to the consultants (including Paradox), which are exercisable for a two-year period. All Options will vest immediately except for Paradox’s options, which will vest over a 12-month period at a rate of 25% per quarter. Options are granted in accordance with Policy 4.4 of the TSX Venture Exchange (the “ Exchange ”) and the terms and conditions of the Company’s stock option plan (the “ Stock Option Plan ”).
QPM also announces that it has amended its Stock Option Plan. The amendment increases the maximum number of shares issuable upon exercise of the options granted under the Stock Option Plan from 2,474,213 to 4,498,055. Such number represents 10% of the total number of shares issued and outstanding as at the date hereof. The amendment has been approved by the Exchange.
About Quebec Precious Metals Corporation
QPM is a new gold explorer with a large land position in the highly-prospective Eeyou Istchee James Bay region, Quebec, near Goldcorp’s Éléonore gold mine. QPM’s flagship project is the Sakami project with significant grades and well-defined drill-ready targets. QPM’s goal is to rapidly explore this project to advance it to the mineral resource estimate stage.
For more information please contact:
Jean-François Meilleur
President
Tel.: 514 951-2730
jfmeilleur@qpmcorp.ca
Paradox Public Relations
Tel: 514 341-0408
Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
- February 18, 2020 Quebec Precious Metals Grants Stock Options
- January 30, 2020 Quebec Precious Metals covers the Elmer East project with a heliborne geophysical survey along trend with Azimut’s gold discovery, James Bay, Quebec
- January 28, 2020 Quebec Precious Metals generates the Elmer East project along trend with Azimut’s gold discovery, James Bay, Quebec
- January 14, 2020 Quebec Precious Metals to Drill 25,000 m at Sakami
- December 12, 2019 Quebec Precious Metals Announces Closing of a $500,000 Private Placement
- December 03, 2019 Quebec Precious Metals Hires Red Cloud
- November 29, 2019 Quebec Precious Metals Announces Closing of $6.5 Million Bought Deal Private Placement; Newmont Goldcorp Increases Ownership to 19.9%
- November 17, 2019 Quebec Precious Metals Provides Update on $6.5 Million Bought Deal Private Placement
- October 29, 2019 Quebec Precious Metals: Message from the CEO
- October 22, 2019 Quebec Precious Metals Announces $6.5 Million Bought Deal Private Placement
- October 22, 2019 Quebec Precious Metals defines multiple gold targets ahead of drilling campaign along 13 km at Sakami
- October 02, 2019 Quebec Precious Metals reports high grade nickel mineralization at the Sakami gold project
- September 24, 2019 Quebec Precious Metals recovers historical drill cores at the Sakami gold project, provides exploration update
- August 20, 2019 Quebec Precious Metals appoints RPA to complete a Mineral Resource estimate