Qmc’S Auditor Delays Audit Due to Covid
Suite 440 - 755 Burrard Street, Vancouver, British Columbia V6Z 1X6
Tel: (604) 601-2018 I email: [email protected] I web: www.qmcminerals.com
QMC’S AUDITOR DELAYS AUDIT DUE TO COVID
December 30, 2020 - Vancouver, British Columbia: QMC Quantum Minerals Corp., (TSX. V: QMC) (FSE:
3LQ) (OTC PINK: QMCQF) (“QMC” or "the Company") announces that it will be delay ed in the filing of its
audited financial statements for the year ended August 31, 2020 and the related management’s discussion and analysis
and certifications (the “Annual Filings”). The Company has filed an application with the BC Securities Commission
requesting that they issue a management cease trade order (an “MCTO”).
Due to ongoing complications in coordinating with the Company’s auditors and collection of the required data and
documentation to complete the audit of the Company caused by COVID-19. The Company will work with its auditors
to complete the audit of the Company’s financial statements and expects to fi le the Annual Filings by January 1 8,
2021.
Pursuant to National Policy 12-203 Management Cease Trade Orders (“NP 12-203”), the Company has been applied
and been granted a MCTO. The MCTO will restrict all trading by the Company’s Chief Executive Off icer, Chief
Financial Officer and board of directors in the Company’s securities. An MCTO will not affect the ability of persons
other than the directors, officers and insiders to trade in the Company’s securities. An MCTO will remain in effect
until the Annual Filings are filed or until it is revoked or varied.
The Company confirms that it will comply with the alternative information guidelines set forth in NP 12 -203 for so
long as it remains in default of the requirement to file the Annual Filings. There is no material information relating to
its affairs that has not been generally disclosed.
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, 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
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