QMC Quantum Minerals Corp announced a non-brokered private placement of up to 4,400,000 units at a price of CAD 0.075 per unit for the gross proceeds of up to CAD 330,000 on December 18, 2023. Each unit will consist of one flow-through share and one non-flow-through common share purchase warrant. Each warrant will be exercisable into one additional share at a price of CAD 0.12 for two years after the date of issuance.

All securities issued pursuant to this private placement will be subject to a four-month hold. The transaction is subject to acceptance by the TSX Venture Exchange. Finders' fees may be paid by the company in conjunction with the completion of the private placement in accordance with TSX Venture Exchange policies.

Certain insiders are expected to participate in the private placement.