Quebec Precious Metals Grants Stock Options

Rhea-AI Summary

Quebec Precious Metals Corporation (CJCFF) has granted a total of 835,000 stock options, with 640,000 allocated to directors and officers, 50,000 to an employee, and 145,000 to consultants. Each option allows purchase of a share at $0.17 for five years, with a vesting schedule. Consultant options vest immediately for two years. QPM is focused on the Sakami project in Quebec's Eeyou Istchee James Bay territory, aiming to advance exploration and reach the mineral resource estimate stage.

Positive

• Grant of 835,000 stock options indicates potential incentives for directors, officers, and employees.
• Stock options offered at $0.17 may encourage team performance and alignment with shareholder interests.
• QPM's focus on the promising Sakami project could lead to significant exploration advancements.

Negative

• None.

MONTREAL, QC / ACCESSWIRE / March 15, 2022 / Quebec Precious Metals Corporation (TSXV:QPM)(OTCQB:CJCFF)(FSE:YXEP) ("QPM" or the "Company") announces that it has granted an aggregate of 835,000 stock options (the "Options") of the Company. Of this number, 640,000 have been granted to its directors and officers, 50,000 to one employee and 145,000 to three consultants.

For the directors, officers and one employee, each Option entitles its holder to purchase one common share of the Company at a price of $0.17 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 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 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 Sakami project and advance to the mineral resource estimate stage.

For more information, please contact:
Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
Email: 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) accept responsibility for the adequacy or accuracy of this release.

SOURCE: Quebec Precious Metals Corporation

View source version on accesswire.com:
https://www.accesswire.com/693222/Quebec-Precious-Metals-Grants-Stock-Options

FAQ

What stock options were granted by Quebec Precious Metals Corporation on March 15, 2022?

Quebec Precious Metals Corporation granted a total of 835,000 stock options, with specifics on allocation to directors, officers, an employee, and consultants.

What is the price and duration for the stock options granted by QPM?

The options allow purchase at $0.17 per share for a five-year period for directors and officers, while the consultants' options are exercisable for two years.

What is the vesting schedule for the stock options granted to QPM directors and officers?

The options vest one-third on the grant date, one-third on the first anniversary, and one-third on the second anniversary.

Where is the Sakami project located?

The Sakami project is located in the Eeyou Istchee James Bay territory of Quebec, near Newmont Corporation's Éléonore gold mine.

What is the significance of the stock options for Quebec Precious Metals Corporation?

The stock options could enhance team performance and align interests between management and shareholders, indicating confidence in the company's potential.