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     129  0 Kommentare Quebec Precious Metals Announces Closing of Non-Brokered Private Placement

    MONTREAL, QC / ACCESSWIRE / June 21, 2024 / Quebec Precious Metals Corporation (TSXV:QPM)(FSE:YXEP)(OTCQB:CJCFF) ("QPM" or the "Corporation") is pleased to announce the closing of the second and final tranche of a non-brokered private placement …

    MONTREAL, QC / ACCESSWIRE / June 21, 2024 / Quebec Precious Metals Corporation (TSXV:QPM)(FSE:YXEP)(OTCQB:CJCFF) ("QPM" or the "Corporation") is pleased to announce the closing of the second and final tranche of a non-brokered private placement offering (the "Placement"), for an amount of
    $261,560. Under the final tranche, the Corporation raised proceeds of $160,000 from the sale of 3,200,000 units ("Hard Units") of the Corporation at a price of $0.05 per Hard Unit and proceeds of $101,560 from the sale of 1,154,091 flow-through units ("FT Units") of the Corporation at a price of $0.088 per FT Unit. Each Hard Unit and each FT Unit issued is comprised of one common share and flow-through share respectively, and one transferable common share purchase warrant of the Corporation (each a "Warrant"). Each Warrant gives the holder thereof the right to purchase one common share during the 36 months following the closing date of the Private Placement at an exercise price of $0.10. In total, taking into consideration the first tranche of the Offering (see press release dated May 31, 2024), the Corporation has issued an aggregate of 6,900,000 Hard Units and an aggregate of 1,154,091 FT Units for aggregate proceeds of $446,560.

    The gross proceeds from the issuance of the FT Units will be used to incur Canadian exploration expenses (as such term is defined by the Income Tax Act (Canada) and its provincial equivalent) which, once renounced, will qualify as "flow-through critical mineral mining expenditure" (as such term is defined by the Income Tax Act (Canada)) (the "Qualifying Expenditures"), which will be incurred on or before December 31, 2025, and renounced to the subscribers with an effective date no later than December 31, 2024. For a Québec resident subscriber who is an eligible individual under the Taxation Act (Quebec), the Qualifying Expenditures will also constitute (i) expenses for inclusion in the "exploration base relating to certain Québec exploration expenses" within the meaning of section 726.4.10 of the Taxation Act (Quebec), and (ii) expenses for inclusion in the "exploration base relating to certain Québec surface mining expenses or oil and gas exploration expenses" within the meaning of section 726.4.17.2 of the Taxation Act (Quebec).

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    Quebec Precious Metals Announces Closing of Non-Brokered Private Placement MONTREAL, QC / ACCESSWIRE / June 21, 2024 / Quebec Precious Metals Corporation (TSXV:QPM)(FSE:YXEP)(OTCQB:CJCFF) ("QPM" or the "Corporation") is pleased to announce the closing of the second and final tranche of a non-brokered private placement …