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MONTREAL, QC – February 18, 2020 – Quebec Precious Metals Corporation (TSXV:CJC)(FSE:YXEP)(OTCBB:CJCFF) (“QPM” or the “Company”) announces that it has granted an aggregate of 785,000 stock options (the “Options”) of the Company. Of this number, 685,000 have been granted to its directors and officers, and 100,000 to three consultants. Each Option entitles its holder to purchase one common share of the Company at a price of $0.28 per share for a five-year period, vesting and will vest immediately. Options granted to the consultants are exercisable for a two-year period and will vest immediately. 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 4,498,055 to 6,743,433. Such number represents 10% of the total number of shares issued and outstanding as at the date hereof. The amendment is subject to approval 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 territory, Quebec, near Newmont Goldcorp Corporation’s ÉlĂ©onore 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
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.
- September 19, 2024 Quebec Precious Metals Congratulates Harfang Exploration on its High-Grade Gold Discoveries near the Sakami Project and Provides Update on Gold and Lithium Exploration Initiatives in James Bay
- August 09, 2024 Quebec Precious Metals to Issue Shares in Payment of Services and Deferred Share Units
- July 17, 2024 Quebec Precious Metals Announces Results of Annual Shareholders Meeting, Grants Deferred Share Units and Stock Options
- June 27, 2024 Quebec Precious Metals Congratulates Ophir on its Spodumene Discovery near the Elmer East Project, James Bay, Quebec
- June 26, 2024 Quebec Precious Metals Granted Financial Support from Quebec Government for Lithium
- June 21, 2024 Quebec Precious Metals Announces Closing of Non-Brokered Private Placement
- May 31, 2024 Quebec Precious Metals Announces First Closing of a Private Placement
- May 28, 2024 Quebec Precious Metals to Issue Shares in Payment of Debts and Deferred Share Units
- April 03, 2024 Quebec Precious Metals and Harfang Exploration Jointly Identify High-Priority Gold and Lithium Drill Targets on their Sakami and Serpent-Radisson Projects, James Bay Region, Quebec
- February 29, 2024 Quebec Precious Metals Intersects 3.86 g/t Au over 8Â m and 2.37 g/t Au over 12.2Â m on its 100% owned Sakami Project
- January 18, 2024 Quebec Precious Metals Reports High-Grade Lithium up to 3.9% Li2O at Surface at the Drill-Ready Ninaaskumuwin Discovery, Situated along a 3.8 km-long, Highly Prospective pXRF Trend on its 100% Owned Elmer East Project, James Bay, Quebec
- January 16, 2024 Quebec Precious Metals summarizes 2023 progress and provides 2024 outlook
- December 19, 2023 Quebec Precious Metals Intersects Mineralized Zone at La Pointe Extension
- November 23, 2023 Quebec Precious Metals Drilling Higher Grade Mineralization at La Pointe Extension