Quebec Precious Metals Corporation Announces the First Closing of a Private Placement

Quebec Precious Metals Corporation (TSXV:QPM) announces the closing of a non-brokered private placement for an amount of $185,000. This offering consists of 3,700,000 common shares at a price of $0.05 per share. Each share comes with a warrant to purchase one common share at a price of $0.10 for 36 months.

Normand Champigny, CEO of QPM, thanks shareholders for their support in the exploration of lithium and gold projects in the James Bay region and rare earths near Kipawa. The funds will be used for general needs and the exploration of projects in Quebec.

The shares are subject to a four-month holding period according to regulations. A finder's fee of $1,750 was paid, with 35,000 warrants allocated to the finders.

QPM also announces a private placement of 3,000,000 flow-through units at $0.088 per unit. The funds will be used for eligible mineral exploration expenses in Canada, with specific tax implications for Quebec residents.