January 13, 2021 – Vancouver, British Columbia: QMC Quantum Minerals Corp., (TSX.V: QMC) (FSE: 3LQ) (OTC PINK: QMCQF) (“QMC” or “the Company”) hereby provides a status update to the management cease trade order (the “MCTO”) issued by the British Columbia Securities Commission on December 30, 2020. The MCTO was issued in connection wit the delay by the company in filing its annual financial statements, management’s discussion and analysis, and related officer certifications for the financial year ended August 31, 2020 (collectively, the “Annual Filings”), before the prescribed deadline of December 29, 2020.
The Company’s management continues to work diligently with its auditors toward completing the Annual Filings in a timely manner. The Company anticipates that it will complete and file the Annual Filings by January 18, 2021.
The Company intents to follow the provisions of the alternative information guidelines found in National Instrument Policy 12-203 Management Cease Trade Orders for as long as the MCTO is in effect. Additionally, the Company confirms that as of the date hereof, it is not aware of any other material information concerning its affairs which has not generally been disclosed.
About the Company
QMC is a British Columbia based company engaged in the business of acquisition, exploration and development of resource properties. Its objective is to locate and develop economic precious, base, rare metal resource properties of merit. The Company’s properties include the Irgon Lithium Mine Project and two VMS properties, the Rocky Lake and Rocky-Namew, known collectively as the Namew Lake District Project. Currently, all of the company’s properties are located in Manitoba.
On behalf of the Board of Directors of
QMC QUANTUM MINERALS CORP.
President and Chief Executive Officer
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