Quebec Precious Metals to Issue Shares in Payment for Services

Quebec Precious Metals Corporation (TSXV: QPM) announced the issuance of 221,165 common shares to settle services worth $19,462.52 rendered by three directors. This arrangement is meant to preserve the company's cash position. The shares are priced at $0.088 each and are subject to a four-month hold period under securities regulations and TSX Venture Exchange policies.

In addition, the company is issuing 107,955 deferred stock units (DSUs) to its CEO as part of the Deferred Share Unit Plan. From May 1, 2022, the CEO's salary is split 80% in cash and 20% in DSUs. These units will vest within one year of issuance and are payable in shares or cash at the company's discretion upon the CEO's departure.

Both the common shares and DSUs issuances are connected to the company's efforts to manage resources efficiently within regulatory frameworks.