{"id":457479,"date":"2021-03-15T08:04:14","date_gmt":"2021-03-15T12:04:14","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=457479"},"modified":"2021-03-15T08:04:14","modified_gmt":"2021-03-15T12:04:14","slug":"qmc-completes-7-5-million-unit-private-placement","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/qmc-completes-7-5-million-unit-private-placement\/","title":{"rendered":"QMC Completes 7.5 Million Unit Private Placement"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n VANCOUVER, British Columbia<\/span>, March 15, 2021<\/span> \/PRNewswire\/ —\u00a0QMC Quantum Minerals Corp., (TSX.V: QMC) (FSE: 3LQ) (OTC PINK: QMCQF)<\/b>\u00a0(“QMC<\/b>” or “the Company”) has closed its previously announced financing for gross proceeds of $2.1-million<\/span> through the issuance of 7.5-million units at $0.28<\/span> per unit, where each unit will consist of one common share and one common share purchase warrant exercisable at $0.37<\/span> per warrant for a period of 24 months, in the event that the closing price of the Company’s shares as quoted on the TSXV exceeds $0.50<\/span> per share for ten consecutive trading days, the Company may accelerate the expiry date of the warrants by giving notice to the holders, within five days of such event, thereof, and in such case, the warrants will expire on the 30th<\/sup> day after the date on which such notice is given by the Company.\u00a0 <\/p>\n

\n Balraj Mann<\/span>, CEO, commented: “Canada<\/span> continues to solidify its electric vehicle manufacturing presence with General Motors (GM) joining Ford and Fiat Chrysler, announcing its plan to produce GM’s BrightDrop EV 6000 light commercial vehicle at its CAMI plant in Ingersoll<\/span>, Ontario.\u00a0 This will be Canada’s<\/span> first large-scale electric delivery vehicle manufacturing plant; FedEx has placed the first order for the EV 6000 and will take delivery of the first EV units by the end of the year. The EV manufacturing hub of Canada<\/span> now has investments totaling approximately $6 billion<\/span> which will significantly increase over the next few years. With QMC’s close proximity to North America’s<\/span> EV Hub (Ontario<\/span>, Michigan<\/span> and Ohio<\/span>), we are strategically positioned to be a key supplier in the electric vehicles battery supply chain.”<\/p>\n

As per Multilateral Instrument 61-101, two insiders subscribed for an aggregate of 300,000 units. <\/p>\n

In connection with the private placement, the Company paid finder’s fees to arm’s length third parties consisting of $11,200<\/span> cash.<\/p>\n

All shares to be issued pursuant to the financing will be subject to a four-month plus a day hold period under applicable securities laws in Canada.\u00a0 <\/p>\n

The Company intends to use the net proceeds from the private placement for working capital, advancing its mineral properties, and general corporate purposes. <\/p>\n

\n About the Company<\/b>\n <\/p>\n

QMC is a British Columbia<\/span> based company engaged in the 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<\/span> and Rocky-Namew, known collectively as the Namew Lake District Project. Currently, all of the Company’s properties are located in Manitoba<\/span>.<\/p>\n

\n On behalf of the Board of Directors of
<\/b>
\n QMC QUANTUM MINERALS CORP.<\/b>\n <\/p>\n

\n “Balraj Mann<\/span>“
<\/i>
\n Balraj Mann<\/span>
\n
President and Chief Executive Officer
604-601-2018<\/p>\n

\n To keep up with the current info on QMC Quantum Minerals Corp, be sure to join our Telegram chat room:<\/b>\u00a0 http:\/\/t.me\/quantummineralscorp<\/a><\/p>\n

\n
\n 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. <\/i>
\n <\/b>\n <\/p>\n

\u00a0<\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/qmc-completes-7-5-million-unit-private-placement-301246679.html<\/a><\/p>\n

SOURCE QMC Quantum Minerals Corp.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire VANCOUVER, British Columbia, March 15, 2021 \/PRNewswire\/ —\u00a0QMC Quantum Minerals Corp., (TSX.V: QMC) (FSE: 3LQ) (OTC PINK: QMCQF)\u00a0(“QMC” or “the Company”) has closed its previously announced financing for gross proceeds of $2.1-million through the issuance of 7.5-million units at $0.28 per unit, where each unit will consist of one common share and one common share purchase warrant exercisable at $0.37 per warrant for a period of 24 months, in the event that the closing price of the Company’s shares as quoted on the TSXV exceeds $0.50 per share for ten consecutive trading days, the Company may accelerate the expiry date of the warrants by giving notice to the holders, within five days of such event, thereof, and in … <\/p>\n

Continue reading “QMC Completes 7.5 Million Unit Private Placement”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-457479","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nQMC Completes 7.5 Million Unit Private Placement - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/qmc-completes-7-5-million-unit-private-placement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"QMC Completes 7.5 Million Unit Private Placement - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire VANCOUVER, British Columbia, March 15, 2021 \/PRNewswire\/ —\u00a0QMC Quantum Minerals Corp., (TSX.V: QMC) (FSE: 3LQ) (OTC PINK: QMCQF)\u00a0(“QMC” or “the Company”) has closed its previously announced financing for gross proceeds of $2.1-million through the issuance of 7.5-million units at $0.28 per unit, where each unit will consist of one common share and one common share purchase warrant exercisable at $0.37 per warrant for a period of 24 months, in the event that the closing price of the Company’s shares as quoted on the TSXV exceeds $0.50 per share for ten consecutive trading days, the Company may accelerate the expiry date of the warrants by giving notice to the holders, within five days of such event, thereof, and in … Continue reading "QMC Completes 7.5 Million Unit Private Placement"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/qmc-completes-7-5-million-unit-private-placement\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-15T12:04:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LN08630&sd=2021-03-15\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/qmc-completes-7-5-million-unit-private-placement\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/qmc-completes-7-5-million-unit-private-placement\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"QMC Completes 7.5 Million Unit Private Placement\",\"datePublished\":\"2021-03-15T12:04:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/qmc-completes-7-5-million-unit-private-placement\\\/\"},\"wordCount\":520,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/qmc-completes-7-5-million-unit-private-placement\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=LN08630&sd=2021-03-15\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/qmc-completes-7-5-million-unit-private-placement\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/qmc-completes-7-5-million-unit-private-placement\\\/\",\"name\":\"QMC Completes 7.5 Million Unit Private Placement - 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