QC Copper Announces Annual General Meeting and Option Grant
QC Copper Announces Annual General Meeting and Option
Grant
TORONTO, ONTARIO – August 4th, 2023 – QC Copper and Gold Inc . (“QC Copper” or the
“Company”) (TSX.V: QCCU) is pleased to announce that its Annual General & Special Meeting
of Shareholders will be held on Thursday, October, 19th. More information on the meeting will be
available in the Company's management information circular, which will be posted on Sedar+ in
September.
Stock Option Grant
The Company is pleased to announce that the Board of Directors has approved the grant of stock
options to directors, officers, employees, and consultants of the Company allowing for the
acquisition of up to, in the aggregate, 3,950,000 shares of the Company. The options are
exercisable at a price of CAD $0. 18 per share for a period of five 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).
About the Opemiska Copper Complex
The Opemiska Copper Complex is located adjacent to Chapais, Quebec, within
the Chibougamau district. Opemiska is also within the Abitibi Greenstone belt and within the
boundaries of the Province of Quebec's Plan Nord, which promotes and funds infrastructure and
development of natural resource projects. The Opemiska property covers 12,782 hectares and
covers the past producing Springer, Perry, Robitaille and C ooke mines, previously -owned and
operated by Falconbridge between 1953-1991. The project hosts excellent on-site infrastructure,
including a power station and direct access to Highway 113 and the Canadian National Railway.
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: [email protected]
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 securit ies regulators, which
filings are available under QC Copper and Gold Inc. profile at www.sedarplus.ca