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Montreal, November 15, 2019 – Quebec Precious Metals Corporation (TSX.V: CJC, FSE: YXEP, OTC-BB: CJCFF) (“QPM” or the “Company”) is pleased to provide an update on the previously announced $6,500,000 bought-deal private placement (the “Offering”). As a result of strong institutional demand for flow-through common shares in Quebec, the Company has added a third security to the Offering. Â
The Offering shall now consist of a combination of (a) charity flow-through common shares of the Company (the “Charity FT Shares”) at a price of $0.40 per Charity FT Share, (b) Quebec flow-through common shares of the Company (the “Quebec FT Shares”) at a price of $0.29 per Quebec FT Share and (c) common shares of the company (the “Hard Shares”) at a price of $0.22 per Hard Share.
The Offering is scheduled to close on or about November 22, 2019 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including that of the TSX Venture Exchange.
About Quebec Precious Metals Corporation
QPM is a gold explorer with a significant land position in the highly-prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Goldcorp Corporation’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:Â
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.
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- 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
- November 15, 2023 Quebec Precious Metals Confirms Drill Targets on Lithium Discovery, Elmer East Project, James Bay, Quebec
- November 07, 2023 Quebec Precious Metals Completes Lithium Prospecting Program, Expands Elmer East Project, James Bay, Quebec and Issues Shares in Payment of Debts and Deferred Share Units
- October 24, 2023 Quebec Precious Metals Announces the Discovery of Spodumene at the Elmer East Project, James Bay, Quebec
- October 11, 2023 Quebec Precious Metals Starts Prospecting on High Priority Lithium Targets, James Bay, Quebec
- September 20, 2023 Quebec Precious Metals Congratulates Harfang Exploration on its Spodumene Discovery near the Sakami Project, James Bay, Quebec
- August 22, 2023 Quebec Precious Metals Identifies High Priority Lithium Targets on James Bay Projects
- August 09, 2023 Quebec Precious Metals Grants Stock Options and Deferred Share Units, Issue Shares in Payment of Debts
- July 28, 2023 Quebec Precious Metals Closes Second and Final Tranche of $1.4 M Private Placement, Announces Results of Annual Shareholders Meeting, Appoints Geneviève Ayotte as director
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