QMC Quantum Minerals Corp. Announces Closing of First Tranche of Non -- Brokered Financing
Suite 600 - 666 Burrard Street, Vancouver, British Columbia V6C 2X3
Tel: (604) 601-2018 I email: [email protected] I web: www.qmcminerals.com
QMC QUANTUM MINERALS CORP. ANNOUNCES CLOSING OF FIRST TRANCHE OF NON --
BROKERED FINANCING
April 12 , 2017 Vancouver, British Columbia: QMC Quantum Minerals Corp., (TSX.v: QMC) (FSE:
3LQ) (OTC PINK: QMCQF) (“QMC” or "the Company") , has closed the first tranche of its non -brokered
financing of $1,100,000 announced in its news release on March 7, 2017. The first tranche closing
consisted of the issuance of 8.25 million units at $0.10 per unit for gross proceeds of $825,000.
As announced the private placement consists of one common share and one common share purchase
warrant exercisable at $0.17 per warrant for a period of 18 months . In the event that the closing price of
the Company’s shares as quoted on the TSXV exceeds $0.28 per share for ten consecutive days, t he
Company may accelerate the expiry date of the $0.17 warrants by giving notice to the holders , within five
days of such event, thereof , and in such case, the warrants will expire on th e 30th day after the date on
which such notice is given by the Company.
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' f ees may be paid by the company in conjunction with the closing of the private placement in
accordance with TSX Venture Exchange policies.
The Company intends to use the net proceeds from the private placeme nt for working capital, advancing
its recently acquired Irgon Mine Lithium project and general corporate purposes.
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 a nd develop economic precious, base metal
and resource properties of merit. The Company’s properties include the Irgon Mine Lithium project , two
VMS properties, the Rocky Lake and Rocky -Namew known collectively as the Namew Lake District
Project, and the Ca rrot River Gold Property. 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
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.