QMC Quantum Minerals Corp. Announces 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 Financing
November 1 6, 2017 Vancouver, British Columbia: QMC Quantum Minerals Corp., (TSX.v: QMC)
(FSE: 3LQ) (OTC PINK: QMCQF) (“QMC” or "the Company"), has arranged a private placement of up
to $1,625,000. The financing will consist of issuing up to 2.5-million units at $0.65 per unit, where each unit
will consist of one common share and one-half of a common share purchase warrant exercisable at $0.80
per whole 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 $1.00 per share for ten consecutive days, t he Company may accelerate the
expiry date of the $0. 80 warrants by gi ving notice to the holders , within five days of such event, thereof ,
and in such case, the warrants will expire on the 30 th 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.
A portion of the o ffering may be made in accordance with the provisions of the existing shareholder
exemption (the “Existing Shareholder Exemption”). The company has set November 14, 2017 as the record
date for the purpose of determining existing shareholders entitled to purchase the units pursuant to the
prospectus exemption set out in B.C. Instrument 45 -534 (and in similar instruments in other provin ces of
Canada). The Existing Shareholder Exemption limits a shareholder to a maximum investment of $15,000
in a 12-month period unless the shareholder has obtained advice regarding the suitability of the investment
and, if the shareholder is resident in a jurisdiction of Canada, that advice has been obtained from a person
that is registered as an investment dealer in the jurisdiction. If the company receives subscriptions from
investors relying on the existing shareholder exemption exceeding the maximum off ering, the company
may adjust the subscriptions received on a pro rata basis.
Finders' fees may be paid by the company in conjunction with the completion 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 Irgon Lithium Mine project and general corporate purposes.
The board of directors have authorized the grant of 1.5 million incentive stock options to its directors,
officers, and consultants at an exercise price of $0.65 per option. The options are exercisable on or before
November 15, 2022. The stock option grant is subject to acceptance by the TSX Venture Exchange.
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 economic precious, base metal
and resource properties of merit. The Company’s properties include the Irgon Lithium Mine project, two
VMS properties, the Rocky Lake and Rocky-Namew known collectively as the Namew Lake District Project,
and the Carrot 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”
Suite 600 - 666 Burrard Street, Vancouver, British Columbia V6C 2X3
Tel: (604) 601-2018 I email: [email protected] I web: www.qmcminerals.com
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.