QMC Arranges $350,000 Financing
Suite 440 - 755 Burrard Street, Vancouver, British Columbia V6Z 1X6
Tel: (604) 601-2018 I email: [email protected] I web: www.qmcminerals.com
QMC ARRANGES $350,000 FINANCING
December 28, 2022 Vancouver, British Columbia: QMC Quantum Minerals Corp., (TSX.V: QMC)
(FSE: 3LQ) (OTC PINK: QMCQF) (“QMC” or "the Company") is conducting a non-brokered private
placement of up to 3.5- million flow-through units at a price of $0.10 per unit for gross proceeds of
$350,000. Each unit will consist of one flow-through share and one non-flow through common share
purchase warrant. Each warrant will be exercisable into one additional share at a price of $0.15 for two
years after the date of issuance. The Company intends to use the proceeds of the offering to advance its
Irgon Lithium Mine and VMS projects.
All securities issued pursuant to this private placement will be subject to a four-month hold. The private
placement is subject to acceptance by the TSX Venture Exchange.
Finders' fees may be paid by the Company in conjunction with the completion of the private placement in
accordance with TSX Venture Exchange policies.
Certain insiders are expected to participate in the private placement. The participation of such directors
and officers in the offering will constitute a related party transaction for the purposes of Multilateral
Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The Company will
be exempt from the requirements to obtain a formal valuation or minority shar eholder approval in
connection with the offering in reliance on sections 5.5(a) and 5.7(1)(a) of MI 61-101.
About the Company
QMC is a British Columbia-based company engaged in the business of acquisition, exploration and
development of resource properties. Its objective is to locate and develop precious, base and rare metal
resource properties of merit. The Company’s properties include the Irgon Lithium Mine Project and two
VMS properties, the Rocky Lake and Rocky-Namew, known collectively as the Namew Lake District
Project. Currently, all of the company’s properties are located in Manitoba.
On behalf of the Board of Directors of
QMC QUANTUM MINERALS CORP.
“Balraj Mann”
Balraj Mann
President and Chief Executive Officer
604-601-2018
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news
release.