QMC Quantum Minerals Corp announced a non-brokered private placement of up to 3,500,000 flow-through units at a price of CAD 0.10 per unit for gross proceeds of up to CAD 350,000 on December 29, 2022. Each flow-through unit consists of one flow-through common share and one of one flow-through warrant. Each whole warrant will entitle the holder to purchase one common share at an exercise price of CAD 0.15 per share at any time within 2 years after closing.

All securities to be issued in the transaction will be subject to a 4 month hold period. The transaction is subject to receipt of all required regulatory and TSX Venture Exchange approvals.