Quest Rare Minerals Ltd. announced that it has received CAD 0.6 million in funding from Investissement Quebec, Investment Arm.

On April 30, 2015, Quest Rare Minerals Ltd. closed the transaction. The company received CAD 595,000 in the transaction. The company issued 4,579,815 units in the transaction.

Each unit is comprised of one common share and one common share purchase warrant, each of which entitles the holder to acquire one additional common share of the company at a price of CAD 0.15 for four years.