QC Copper and Gold Appoints Guy Le Bel as President
QC Copper and Gold Appoints Guy Le Bel as
President
Highlights:
Guy Le Bel brings proven mine development and business development expertise, having held key
senior roles with large mining companies.
Guy will lead QC Copper into its next phase of defining Opemiska's engineering and economics.
Toronto, Ontario--(Newsfile Corp. - February 28, 2024) - QC Copper and Gold Inc. (TSXV: QCCU)
(OTCQB: QCCUF) ("
QC Copper
" or the "
Company
") is pleased to announce the appointment of Guy
Le Bel as its President. Guy brings significant mining and operational experience to the QC Copper
team at a time when the Company is pivoting toward the engineering and economics of its flagship
Opemiska copper project.
Guy has an excellent mining and business development track record, having played key roles with major
companies, including Rio Algom, Quadra FNX, Capstone Mining, and BHP Billiton Base Metals.
As a Quebec-based mining engineer with expertise in marketing, capital markets, and corporate
development, Guy will lead this next phase of QC Copper's transition towards developing Opemiska's
engineering and economic studies. Guy will also provide leadership with QC Copper's community and
First Nations engagement and manage the permitting processes at Opemiska.
"The team and I have gotten to know Guy for the past six months, including bringing him on-site to meet
the community and our Chapais-based team. As a mining engineer, Guy has the right blend of technical
and operational expertise and an impressive business development track record with numerous
multibillion-dollar multinational mining corporations. I am pleased to welcome Guy to the team," said
Stephen Stewart, QC Copper's CEO and Chairman.
Stock Option Grant
The Company is pleased to announce that the Board of Directors has approved the grant of stock
options to certain officers of the Company, allowing for the acquisition of up to, in the aggregate,
400,000 shares of the Company. The options are exercisable at CAD $0.13 per share for five (5) years
from the date of grant, vest one (1) year from the date of grant, and are subject to regulatory policies and
approvals.
The grant of options to certain directors and officers is a "related party transaction" under Multilateral
Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The
Company relied on the exemptions from the formal valuation and minority shareholder approval
requirements of MI 61-101 contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related
party matters, as the Company is listed on the TSX Venture Exchange ("TSXV") and neither the fair
market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the
consideration for, the transaction, insofar as it involves the related parties, exceeded 25% of the
Company's market capitalization (as determined under MI 61-101).
For information and updates on QC Copper and Gold, please visit
www.qccopper.com
And please follow us on Twitter
@qccoppergold
To speak to the Company directly, please contact:
Stephen Stewart, Chief Executive Officer
Phone:
416.644.1571
Email:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release. Certain information in this press release may contain forward-looking statements. This
information is based on current expectations that are subject to significant risks and uncertainties that
are difficult to predict. Actual results might differ materially from results suggested in any forward-
looking statements. QC Copper and Gold Inc. assumes no obligation to update the forward-looking
statements, or to update the reasons why actual results could differ from those reflected in the forward
looking-statements unless and until required by securities laws applicable to QC Copper and Gold
Inc. Additional information identifying risks and uncertainties is contained in filings by QC Copper and
Gold Inc. with Canadian securities regulators, which filings are available under QC Copper and Gold
Inc. profile at
www.seddarplus.ca.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/199647