John Jentz Announces Filing of Early Warning Report Related to the Acquisition of Common Shares of Quebec Rare Earth Elements Corp.

Rhea-AI Summary

Mr. John Jentz acquires 1,765,500 common shares in Quebec Rare Earth Elements Corp., increasing his ownership to 16.15% from 11.81%. He may further invest or sell based on market conditions and plans.

Toronto, Ontario--(Newsfile Corp. - February 21, 2024) - Mr. John Jentz announces that he has filed an early warning report (the "Report") announcing the acquisition (the "Acquisition") of 1,765,500 common shares (each, a "Common Share") in the capital of Quebec Rare Earth Elements Corp. (the "Company").

Prior to the completion of the Acquisition, Mr. Jentz beneficially held, directly or indirectly, an aggregate of 4,800,000 Common Shares representing approximately 11.81% of the issued and outstanding Common Shares on an undiluted and on a partially diluted basis. Upon completion of the Acquisition, Mr. Jentz holds, directly or indirectly, an aggregate of 6,564,500 Common Shares representing approximately 16.15% of the issued and outstanding Common Shares on an undiluted and on a partially diluted basis.

Mr. Jentz has a long-term view of the investment and may acquire additional securities of the Company either on the open market or through private acquisitions or sell the Common Shares on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

For further details relating to the acquisition, please see the Report, a copy of which is available on SEDAR+ or from John Jentz at 1-833-572-2333.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/198808

FAQ

What is the name of the person who acquired common shares in Quebec Rare Earth Elements Corp.?

Mr. John Jentz.

How many common shares did Mr. Jentz acquire?

1,765,500 common shares.

What percentage of ownership did Mr. Jentz have before the acquisition?

Approximately 11.81%.

What percentage of ownership does Mr. Jentz have after the acquisition?

Approximately 16.15%.

What are Mr. Jentz's future plans regarding the acquired shares?

He may acquire additional securities or sell the common shares based on market conditions and plans.