Quebec Precious Metals (TSXV:QPM, OTCQB:CJCFF) has announced two key developments:
1. The company will issue 221,165 common shares at $0.088 per share to settle $19,462.52 in services rendered by three current directors during Q2 of the fiscal year ending January 31, 2025. This Shares for Services Arrangement aims to preserve the company’s cash position.
2. QPM will issue 107,955 deferred stock units (DSUs) to its CEO as part of a compensation structure where 20% of the salary is paid in DSUs quarterly. These DSUs represent Q2 2025 compensation and will vest after one year.
Both transactions are subject to regulatory approval and a four-month hold period. The Shares for Services Arrangement is considered a related party transaction but is exempt from certain requirements under MI 61-101.
Quebec Precious Metals (TSXV:QPM, OTCQB:CJCFF) ha annunciato due sviluppi chiave:
1. L’azienda emetterà 221.165 azioni ordinarie a $0,088 ciascuna per saldare $19.462,52 per servizi resi da tre attuali direttori durante il secondo trimestre dell’anno fiscale che termina il 31 gennaio 2025. Questo Accordo Azioni per Servizi mira a preservare la posizione di liquidità dell’azienda.
2. QPM emetterà 107.955 unità azionarie differite (DSUs) al suo CEO come parte di una struttura di compenso in cui il 20% dello stipendio viene pagato in DSUs trimestralmente. Queste DSUs rappresentano la compensazione del secondo trimestre 2025 e matureranno dopo un anno.
Entrambe le transazioni sono soggette all’approvazione regolamentare e a un periodo di attesa di quattro mesi. L’Accordo Azioni per Servizi è considerato una transazione tra parti correlate, ma è esente da alcuni requisiti ai sensi del MI 61-101.
Quebec Precious Metals (TSXV:QPM, OTCQB:CJCFF) ha anunciado dos desarrollos clave:
1. La empresa emitirá 221,165 acciones ordinarias a $0.088 por acción para saldar $19,462.52 en servicios prestados por tres directores actuales durante el segundo trimestre del año fiscal que termina el 31 de enero de 2025. Este Acuerdo de Acciones por Servicios tiene como objetivo preservar la posición de efectivo de la empresa.
2. QPM emitirá 107,955 unidades de acciones diferidas (DSUs) a su CEO como parte de una estructura de compensación en la que el 20% del salario se paga en DSUs trimestralmente. Estas DSUs representan la compensación del segundo trimestre de 2025 y se consolidarán después de un año.
Ambas transacciones están sujetas a aprobación regulatoria y a un periodo de retención de cuatro meses. El Acuerdo de Acciones por Servicios se considera una transacción entre partes relacionadas, pero está exento de ciertos requisitos bajo MI 61-101.
퀘벡 귀금속(TSXV:QPM, OTCQB:CJCFF)이 두 가지 주요 개발 사항을 발표했습니다:
1. 회사는 2025 회계연도 1분기가 끝나는 1월 31일에 걸쳐 세 명의 현재 이사에게 제공된 서비스 대가로 $19,462.52를 정산하기 위해 주당 $0.088로 221,165주를 발행합니다. 이 서비스 대가에 대한 주식 발행은 회사의 현금 상황을 유지하는 것을 목표로 합니다.
2. QPM은 CEO에게 급여의 20%가 분기마다 DSU로 지급되는 보상 구조의 일환으로 107,955 지연 주식 단위(DSU)를 발행합니다. 이 DSU는 2025년 2분기 보상을 나타내며 1년 후 발효됩니다.
두 거래 모두 규제 승인의 대상이며 4개월의 보유 기간이 있습니다. 서비스 대가에 대한 주식 발행은 관련 당사자 거래로 간주되지만 MI 61-101에 따라 특정 요건에서 면제됩니다.
Quebec Precious Metals (TSXV:QPM, OTCQB:CJCFF) a annoncé deux développements clés :
1. L’entreprise émettra 221,165 actions ordinaires à 0,088 $ chacune pour régler 19,462.52 $ pour des services rendus par trois administrateurs actuels durant le deuxième trimestre de l’exercice se terminant le 31 janvier 2025. Cet Accord d’Actions pour Services vise à préserver la position de liquidité de l’entreprise.
2. QPM va émettre 107,955 unités d’actions différées (DSUs) à son PDG dans le cadre d’une structure de rémunération où 20 % du salaire est payé en DSUs chaque trimestre. Ces DSUs représentent la rémunération du deuxième trimestre 2025 et acquièrent des droits après un an.
Les deux transactions sont soumises à l’approbation réglementaire et à une période de blocage de quatre mois. L’Accord d’Actions pour Services est considéré comme une transaction entre parties liées, mais il est exempté de certaines exigences selon le MI 61-101.
Quebec Precious Metals (TSXV:QPM, OTCQB:CJCFF) hat zwei wichtige Entwicklungen angekündigt:
1. Das Unternehmen wird 221.165 Stammaktien zu je $0,088 ausgeben, um $19.462,52 für Dienstleistungen zu begleichen, die von drei aktuellen Direktoren im zweiten Quartal des bis zum 31. Januar 2025 laufenden Geschäftsjahres erbracht wurden. Diese Aktien für Dienstleistungen Vereinbarung zielt darauf ab, die Liquiditätsposition des Unternehmens zu erhalten.
2. QPM wird 107.955 aufgeschobene Aktieneinheiten (DSUs) an seinen CEO im Rahmen einer Vergütungsstruktur ausgeben, bei der 20% des Gehalts vierteljährlich in DSUs gezahlt werden. Diese DSUs repräsentieren die Vergütung für das zweite Quartal 2025 und werden nach einem Jahr fällig.
Beide Transaktionen unterliegen der regulatorischen Genehmigung und einer viermonatigen Haltefrist. Die Vereinbarung “Aktien für Dienstleistungen” wird als Transaktion mit nahestehenden Personen angesehen, ist jedoch von bestimmten Anforderungen gemäß MI 61-101 ausgenommen.
Positive
- Preserving cash position by issuing shares for director services
- Aligning CEO compensation with company performance through DSUs
Negative
- Potential dilution of existing shareholders due to new share issuances
- Related party transactions may raise governance concerns
MONTREAL, QC / ACCESSWIRE / August 16, 2024 / Quebec Precious Metals Corporation (TSXV:QPM)(FSE:YXEP)(OTCQB:CJCFF) (“QPM” or the “Corporation“) announces that an aggregate of 221,165 common shares will be issued in settlement of services of three current directors of the Corporation in an aggregate amount of
The Board of Directors and Management of QPM believes that the Shares for Services Arrangement is in the best interests of QPM as it will help the Corporation preserve its cash position.
The common shares to be issued pursuant to the Shares for Services Arrangement will be issued at a deemed price of
The Shares for Services Arrangement is considered a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions
(“MI 61-101″). The Shares for Services Arrangement will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as QPM’s securities are not listed on any stock exchange identified in Section 5.5(b) of MI 61-101 and neither the fair market value of the common shares to be issued in the Shares for Services Arrangement nor of the services provided in connection with the debts which are the subject of the Shares for Services Arrangement shall exceed
Deferred shares units
The Company announces the issuance of 107,955 deferred stock units (the “DSUs“) to the Chief Executive Officer pursuant to its Deferred Share Unit Plan (the “DSU Plan“). This follows the decision that from May 1, 2022, the CEO’s salary compensation will be paid
About Quebec Precious Metals Corporation
QPM has a large land position in the highly prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation’s Éléonore gold mine. The Corporation focuses on advancing its Sakami gold project and its newly discovered, drill-ready Ninaaskuwin lithium showing on the Elmer East project. In addition, the Corporation holds a
For more information please contact:
Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca
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.
SOURCE: Quebec Precious Metals Corporation
View the original press release on accesswire.com
FAQ
How many common shares will Quebec Precious Metals (CJCFF) issue for director services?
Quebec Precious Metals will issue 221,165 common shares to settle $19,462.52 in services rendered by three current directors during Q2 of the fiscal year ending January 31, 2025.
What is the price per share for the Quebec Precious Metals (CJCFF) Shares for Services Arrangement?
The common shares will be issued at a deemed price of $0.088 per share under the Shares for Services Arrangement.
How many deferred stock units (DSUs) will Quebec Precious Metals (CJCFF) issue to its CEO?
Quebec Precious Metals will issue 107,955 deferred stock units (DSUs) to its CEO for the second quarter of 2025 compensation.
When will the deferred stock units (DSUs) issued by Quebec Precious Metals (CJCFF) vest?
The DSUs will vest one year from the date of grant, subject to TSXV Policy 4.4 and the company’s security based compensation plan.