Quebec Pegmatite Announces CEO Appointment
Quebec Pegmatite Holdings Corp. (CSE: QBC, OTC Pink: WPNNF) announces the resignation of Mike Stier as CEO, who will continue as a board member. Paul Ténière, a professional geologist with 25 years of experience in mining and capital markets, is appointed as the new CEO. Ténière's expertise includes leading mining projects from exploration to mine development and serving in executive roles at various mining companies. He has also been involved in technical due diligence and corporate finance within the mining sector. The company granted Ténière 1,000,000 stock options at $0.25 per share, valid for five years, with vesting periods.
- Appointment of a new CEO with 25 years of industry experience in mining and capital markets.
- Paul Ténière's expertise in precious metals, critical metals, and coal deposits from exploration to feasibility.
- Ténière's background in technical disclosure standards, corporate governance, and technical due diligence.
- Granting of 1,000,000 stock options to the new CEO, potentially aligning his interests with shareholders.
- Resignation of Mike Stier as CEO, which might create uncertainty about leadership stability.
- Potential dilution from the issuance of 1,000,000 stock options if exercised.
Vancouver, British Columbia--(Newsfile Corp. - June 14, 2024) - QUEBEC PEGMATITE HOLDINGS CORP. (CSE: QBC) (OTC Pink: WPNNF) ("QPC" or the "Company") announces that Mike Stier has resigned as the Company's Chief Executive Officer effective immediately. Mr. Stier will continue to act a member of the Company's Board of Directors. The Company would like to thank Mr. Stier for his contributions as the Company's Chief Executive Officer.
The Company is pleased to announce that Paul Ténière has been appointed as the Chief Executive Officer of the Company following Mr. Stier's resignation. Mr. Ténière is a Professional Geologist (P.Geo.) and an exploration, mining, and capital markets expert with 25 years of international experience taking precious metals, critical metals, and metallurgical coal deposits from the exploration stage to feasibility study stage and mine development. Mr. Ténière is also recognized as an industry expert in NI 43-101, JORC, and S-K 1300 (U.S. SEC) technical disclosure standards and has served as President and CEO, Senior VP Exploration, and a Director of several private and public mining companies. As the Toronto Stock Exchange (TSX) Mining Expert and Senior Listings Manager, he approved the listing of numerous mining companies based on technical due diligence, resource and reserve model evaluations, and assessing corporate governance, management, and board suitability. He has a strong capital markets and corporate finance background evaluating mining equity/debt transactions based on technical, economic, environmental, and social factors, and has led extensive technical due diligence processes for IPO, RTO, and M&A transactions.
In connection with Mr. Ténière's appointment, he has been granted an aggregate of 1,000,000 stock options (the "Options") to purchase up to 1,000,000 common shares (the "Shares") in the capital of the Company pursuant to the Company's stock option plan. The Options are exercisable at an exercise price of
About Quebec Pegmatite Holdings Corp.:
Quebec Pegmatite Holdings Corp. is a North American junior mining exploration company that specializes in lithium and owns
The Company's two flagship properties are in the James Bay and Mazérac regions, covering approximately 303 km². The Vieux Comptoir property is located approximately 45km east of the Patriot Battery Metals Corvette Project and 45km west of Winsome Resources, Adina project. The Mazérac property is located about 50km southwest of Val-d'Or and easily accessible. The property is located near Vision Lithium's Cadillac property and Winsome Resources' Decelles property.
ON BEHALF OF QUEBEC PEGMATITE HOLDINGS CORP.
Kulwant Malhi
Director
E: kal@bullruncapital.ca
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statement Regarding "Forward-Looking" Information
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/212946
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