Quest Rare Minerals Ltd. (TSX:QRM) announced that it will receive CAD 75,600 in funding on July 17, 2014. The company will issue equity and option, warrant or other right to acquire another security in the transaction. The transaction will see participation from one investor.

The securities will be issued pursuant to exemption provided under Regulation D. The company will pay a sales commission of CAD 4,536 and issue options to acquire 16,800 units. Each unit consists of one common share and one warrant. Each such warrant is exercisable at CAD 0.27 per unit until July 17, 2016.