Quebec Precious Metals Announces Results of Annual Shareholders Meeting, Grants Deferred Share Units and Stock Options

Rhea-AI Summary

Quebec Precious Metals (TSXV:CJC, OTCQB:CJCFF) held its annual shareholders' meeting on July 16, 2024, where all resolutions were overwhelmingly approved. Shareholders elected Geneviève Ayotte, Normand Champigny, Wanda Cutler, and James Shannon as directors, and appointed KPMG LLP as auditors.

The company also announced the issuance of 1,145,000 deferred stock units (DSUs) under its DSU Plan, with 1,070,000 granted to directors and officers, and 75,000 to an employee. Additionally, QPM granted 30,000 stock options to a consultant at an exercise price of $0.10 per share, valid for two years with immediate vesting.

Positive

• Shareholders overwhelmingly approved all resolutions at the annual meeting
• Issuance of 1,145,000 deferred stock units (DSUs) to directors, officers, and an employee
• Grant of 30,000 stock options to a consultant at $0.10 per share

Negative

• None.

MONTREAL, QC / ACCESSWIRE / July 17, 2024 / Quebec Precious Metals Corporation (TSXV:CJC)(FSE:YXEP)(OTCQB:CJCFF) (" QPM " or the " Corporation ") announces that at its annual shareholders' meeting held on July 16, 2024, shareholders of the Company overwhelmingly approved all the resolutions, as follows:

• Election of Geneviève Ayotte, Normand Champigny, Wanda Cutler, and James Shannon as directors; and,

• Appointment of KPMG LLP as auditors.

Deferred shares units and stock options

The Corporation announces the issuance of 1,145,000 deferred stock units (the " DSUs ") pursuant to its Deferred Share Unit Plan (the " DSU Plan "). Of this number, 1,070,000 DSUs have been granted to its directors and officers, and 75,000 to one employee. In accordance with the DSU Plan, the DSUs shall vest in accordance with the terms of agreements granting same and one year from the date of such grant, subject to the provisions of TSX Venture Exchange (the "TSXV") Policy 4.4 and the Company's security-based compensation plan, and are payable in common shares of the Company, or in cash at the sole discretion of the Company, upon the holder ceasing to be director, officer or employee of the Company.

The Corporation also announces that it has granted an aggregate of 30,000 stock options (the " Options ") of the Corporation to one consultant. Each Option entitles its holder to purchase one common share of the Company at a price of $0.10 per share. Options granted to the consultant are exercisable for a two-year period and will vest immediately. Options are granted in accordance with Policy 4.4 of the TSXV and the terms and conditions of the QPM's stock option plan.

About Quebec Precious Metals Corporation

QPM has a large land position in the highly prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation's Éléonore gold mine. The Corporation focuses on advancing its Sakami gold project and its newly discovered, drill-ready Ninaaskuwin lithium showing on the Elmer East project. In addition, the Corporation holds a 68% interest in the Kipawa rare earths project located near Temiscaming, Quebec.

For more information please contact:

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.

SOURCE: Quebec Precious Metals Corporation

View the original press release on accesswire.com

FAQ

What were the key outcomes of Quebec Precious Metals' (CJCFF) annual shareholders' meeting in 2024?

The key outcomes were the election of Geneviève Ayotte, Normand Champigny, Wanda Cutler, and James Shannon as directors, and the appointment of KPMG LLP as auditors. All resolutions were overwhelmingly approved by shareholders.

How many deferred stock units (DSUs) did Quebec Precious Metals (CJCFF) issue in July 2024?

Quebec Precious Metals issued a total of 1,145,000 deferred stock units (DSUs) in July 2024. Of these, 1,070,000 were granted to directors and officers, and 75,000 to an employee.

What are the terms of the stock options granted by Quebec Precious Metals (CJCFF) in July 2024?

Quebec Precious Metals granted 30,000 stock options to a consultant at an exercise price of $0.10 per share. These options are exercisable for a two-year period and vest immediately.