Corporation Métaux Précieux du Québec issues shares in payment of debts and deferred share units

MONTREAL, QC / ACCESSWIRE / May 28, 2024 - Corporation Métaux Précieux du Québec (QPM) announces the issuance of 457,942 common shares to settle debts totaling $38,925.08 owed to three directors. This regulation concerns services rendered during the last quarters of the 2024 and 2025 financial years.

QPM's board of directors believes that this settlement is beneficial for the company, allowing the preservation of cash flow. The shares will be issued at $0.085 each with a four-month holding period under TSXV regulations.

This settlement constitutes a “related party transaction” but is exempt from the requirements of Regulation 61-101. Regulatory approval, including that of the TSXV, is required.

Additionally, QPM announces the issuance of 223,530 deferred share units (DSUs) to the CEO. These DSUs cover the periods of the fourth quarter of 2024 and the first quarter of 2025, in accordance with the company's remuneration policy.