QNB Metals is pleased to announce that it entered into an arm's length binding letter of intent dated June 17, 2022 with Analog Gold, with respect to a proposed transaction, whereby QNB Metals will acquire a 100% interest in Minagoldchoix SA de CV, Analog's 99.97% owned Mexican subsidiary, which owns the Tres Oros gold property and two other properties. The Tres Oros Property, located 47 km SE of Mazatlan, Mexico, is an [...]
The common shares of QNB Metals have been approved for listing on the CSE. Listing and disclosure documents will be available at thecse.com on the trading date. QNB Metals Inc. is an exploration and development company focused on creating shareholder value through the strategic acquisition of precious and base metals projects while closing and maintaining key partnerships. The Company is engaged in the business of [...]
Canadian Metals is pleased to announce that it has closed its previously announced arrangement pursuant to an arrangement agreement dated June 17, 2021 between the Corporation and QNB Metals Inc. Pursuant to the Arrangement, the Corporation spun out its Lac Chesnaye property located in Québec to Spinco in exchange for the issuance of 4,299,961 Class A common shares of Spinco to the Corporation. In accordance with the [...]
Canadian Metals is pleased to announce that Arnab De has been appointed as the new Chief Financial Officer of CME and QNB Metals Inc., replacing Patsie Ducharme who has stepped down as the CFO but remains as consultant. Mr. De, CPA, CGMA, CMA, MBA, is a seasoned mining executive with nearly 20 years' experience in financial management, mine financial planning, business optimization and strategy development. He is the [...]
Canadian Metals, further to its news release dated May 20, 2021, is please to provide an update on its proposed spin-out of its Lac La Chesnaye property. On June 17, 2021, the Corporation entered into an arrangement agreement with its wholly-owned subsidiary QNB Metals Inc. The Arrangement Agreement, a copy of which will be available under the Corporation's profile on SEDAR, sets out the terms on which the Corporation [...]
Canadian Metals is pleased to announce that its Board of Directors has approved a strategic restructuring of the Corporation's assets pursuant to which CME would spin off its existing Lac Chesnaye property, into a separate entity. It is proposed that the transaction will be carried out by way of statutory plan of arrangement pursuant to the Business Corporations Act. Through the Spin-Out, shareholders of the Corporation [...]
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