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Quebec Precious Metals Corporation (QPM) is an exploration company with a focus on advancing its Sakami gold project near Newmont Corporation's Eleonore gold mine in Quebec. The company also holds a 68% interest in the Kipawa/Zeus rare earths project. QPM recently announced positive drilling results at the La Pointe Extension gold deposit, indicating a significant increase in mineralized volume. The company's CEO, Normand Champigny, is optimistic about the future and the transformative year ahead for QPM.
Quebec Precious Metals Corporation (OTCQB: CJCFF) announced the closing of an additional tranche in its oversubscribed private placement, raising $22,000 through the issuance of 100,000 common shares at a price of $0.22 each. The total gross proceeds from the financing amount to $3,250,399 from 14,774,543 common shares. The company paid $1,760 in finders' fees and granted 8,000 non-transferable warrants. Proceeds will be allocated for exploration and general corporate purposes. The financing is subject to TSX Venture Exchange approval.
Quebec Precious Metals Corporation (CJCFF) announced the closure of the second tranche of its private placement financing, raising $594,000 through the issuance of 2,700,000 common shares at $0.22 each. The total proceeds from both tranches amount to $3,228,399 from 14,674,543 shares. An insider invested $22,000 in this tranche, exempting the company from certain regulations under MI 61-101. Additionally, finders received $47,520 in fees and compensation warrants. The funds will support exploration and working capital, pending acceptance by the TSX Venture Exchange.
Quebec Precious Metals Corporation (CJCFF) has successfully closed the first tranche of its private placement financing, raising $2,634,399.46 through the sale of 11,974,543 common shares at $0.22 each. Key institutional investors include CDPQ Sodémex, SIDEX, CRCD, and SDBJ. Insiders invested $102,999.82, categorized as a related party transaction. The Company aims to increase the total offering to $3,000,000 and use proceeds for exploration and working capital. Finders fees of $94,855.99 were also paid.
Quebec Precious Metals Corporation has increased its private placement offering to 12,404,545 common shares for gross proceeds of $2,729,000, priced at $0.22 per share. A finders' fee of 8.0% will be paid, and finders will receive non-transferable compensation warrants at $0.30 per share for 24 months. The offering will close on or about April 30, 2021, subject to necessary approvals. Proceeds will fund exploration expenditures and general corporate purposes.
Quebec Precious Metals Corporation (CJCFF) has announced a private placement aiming to raise $1,500,400 by issuing 6,820,000 common shares at $0.22 each. The offering includes an 8.0% finders' fee for certain subscribers and will be conducted in Canada and the U.S. under specific exemptions. Proceeds from this sale will be allocated to exploration and general corporate needs. The closing of the placement is anticipated around April 30, 2021, pending necessary approvals.
Quebec Precious Metals Corporation has announced that drilling has commenced at its Sakami project in Quebec, targeting the La Pointe deposit and La Pointe Extension with a program of 14,000 meters and over 40 holes. CEO Normand Champigny expressed optimism for new discoveries. Additionally, the company has engaged Hinge Markets Inc. for investor relations and capital markets advisory services, featuring an 8-month agreement for $8,000 per month and options for shares at $0.29 each, pending TSX Venture Exchange approval. The initiative aims to enhance awareness and engagement with investors.
Quebec Precious Metals Corporation (CJCFF) has issued 502,033 deferred stock units (DSUs) to officers and one employee under its DSU Plan, with immediate vesting. Additionally, the Company granted 1,275,000 stock options, primarily to directors and officers, at a price of $0.29 per share for a five-year term, with a gradual vesting schedule over two years. These actions align with the Company's strategy to incentivize its management while ensuring that the amendments to the Stock Option Plan receive approval from the TSX Venture Exchange.
Fjordland Exploration Inc. has signed an agreement with Quebec Precious Metals Corporation to acquire 100% interest in the Renzy nickel copper project, also known as the Vulcain project. The acquisition includes a cash payment of $50,000, issuance of 1,000,000 common shares, and $1,000,000 in exploration expenditures over five years. The project spans 86 km2 and exhibits high-grade historical mineralization, suggesting significant exploration potential. The agreement awaits approval by the TSX Venture Exchange.
Quebec Precious Metals Corporation (OTCQB:CJCFF) announces the immediate appointment of Robert P. Boisjoli as the new Chief Financial Officer and Corporate Secretary, succeeding Nathalie Laurin. Boisjoli brings over 30 years of experience, notably in the mining sector and as Managing Director of Atwater Financial Group. He has been granted options for 150,000 shares at an exercise price of $0.23, exercisable within five years. The company aims to discover a new gold mine in Quebec's Eeyou Istchee James Bay territory, enhancing its operational strategy.
Quebec Precious Metals Corporation (OTCQB:CJCFF) announced that at its Annual General Meeting on October 20, 2020, shareholders approved all resolutions. Key approvals included the election of directors, the appointment of KPMG LLP as auditors, and the approval of a deferred share unit plan. As a gold explorer, QPM has significant land in Quebec's Eeyou Istchee James Bay territory, near the Éléonore gold mine, focusing on the Sakami project, which has promising grades and drill-ready targets.
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