Quebec Precious Metals Corporation Closes a Private Placement Without a Broker

Corporation Métaux Précieux du Québec (QPM) announced the closing of the second and final tranche of its private placement without a broker, raising a total of $261,560. This tranche raised $160,000 from the sale of 3,200,000 common shares and $101,560 from the sale of 1,154,091 flow-through units.

The funds obtained will be allocated to exploration costs in Canada and will be used for general corporate purposes. All shares issued will be subject to a four-month hold period.

Finder's fees of $7,000 were paid, and 140,000 non-transferable warrants were issued in this context. These warrants allow you to acquire one common share at a price of $0.10 for 36 months.

QPM also corrected information relating to the first tranche of the placement, announcing finder's fees paid of $5,600 and the issuance of 112,000 warrants. In addition, QPM entered into agreements to issue shares in exchange for services with three directors.