Quebec Precious Metals Grants Stock Options

Rhea-AI Summary

Quebec Precious Metals Corporation (OTCQB: CJCFF) has granted 300,000 stock options to two newly appointed directors. Each option allows the purchase of one common share at a price of $0.30 for a period of five years, with vesting occurring in three phases: one-third immediately, one-third after one year, and one-third after two years. The options comply with the TSX Venture Exchange policies. The company, focused on gold exploration in Quebec, aims to advance its flagship Sakami project towards a mineral resource estimate.

Positive

• Granting 300,000 stock options shows confidence in new directors.
• Stock options priced at $0.30 provide potential upside for shareholders.
• Focus on advancing the Sakami project indicates growth potential.

Negative

• None.

MONTREAL, QC / ACCESSWIRE / June 11, 2021 / Quebec Precious Metals Corporation (TSXV:QPM)(FSE:YXEP)(OTCQB:CJCFF) ("QPM" or the "Company") announces that it has granted an aggregate of 300,000 stock options (the "Options") of the Company to two newly appointed directors. Each Option entitles its holder to purchase one common share of the Company at a price of $0.30 per share for a five-year period. The Options vest as follows: one-third on the date of grant, one-third on the first anniversary of the date of grant, and one-third at the second anniversary of the date of grant. Options are granted in accordance with Policy 4.4 of the TSX Venture Exchange and the terms and conditions of the Company's stock option plan.

About Quebec Precious Metals Corporation

QPM is a gold explorer with a large land position in the highly-prospective Eeyou Istchee James Bay territory, Quebec, near Newmont 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 the project and to advance the project 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.

SOURCE: Quebec Precious Metals Corporation

View source version on accesswire.com:
https://www.accesswire.com/651482/Quebec-Precious-Metals-Grants-Stock-Options

FAQ

What are the details of the stock options granted by Quebec Precious Metals Corporation?

Quebec Precious Metals granted 300,000 stock options, each allowing the purchase of one common share at $0.30 for five years, with vesting over three phases.

How does the stock option grant impact CJCFF investors?

The stock option grant may indicate potential growth and increased confidence in the company's direction, positively impacting CJCFF investors.

What is the focus of Quebec Precious Metals Corporation?

Quebec Precious Metals focuses on gold exploration, primarily through its Sakami project in Quebec.

When do the stock options for Quebec Precious Metals vest?

The stock options vest one-third immediately, one-third after one year, and one-third after two years from the date of grant.