Business
MetalQuest Mining Announces the Filing of an Early Warning Report
(TheNewswire) September 29 th , 2023 - TheNewswire - Rockport, Ontario ...
About this update from Metalquest Mining Inc
[{"type":"text","content":"MetalQuest Mining Announces the Filing of an Early Warning Report\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n September 29\n \n \n th\n \n \n , 2023\n \n \n -\n \n \n TheNewswire -\n \n \n Rockport, Ontario –\n \n \n MetalQuest Mining Inc.\n \n \n (TSXV:MQM\n \n \n )\n \n \n ;\n \n \n (\n \n \n OTC:MQMIF\n \n \n )\n \n \n ;\n \n \n (\n \n \n FSE:E7Q.F) (“MQM” or “Company”) announces that an\nearly warning report has been filed by\n \n \n Mr. Harry\nBarr, Chairman and CEO of the Company.\n \n \n Between\nFebruary 3, 2023 and September 29, 2023, Mr. Barr acquired an\naggregate 298,586 common shares of the Issuer at an average price of\n$0.104 per share.\n \n \n Since the last report filed,\nMr. Barr was also granted 350,000 stock options which entitle him to\nacquire an additional 350,000 common shares until May 12, 2028 at an\nexercise price of $0.15 per share.  These stock options are vested\nquarterly over a period of one year from the date of grant. These\ntransactions have increased his post-conversion share ownership by 2%.\n \n \n \n \n Prior to Mr. Barr’s transactions, he was deemed to\nhave control over 7,820,852 common shares, directly and indirectly, of\nwhich 1,734,240 are held by New Age Metals Inc. and 60,000 stock\noptions entitling Mr. Barr to purchase an additional 60,000 common\nshares of the Company representing 29.22% of the Company’s issued\nand outstanding shares on a post-conversion beneficial ownership\nbasis.  Mr. Barr now holds 8,119,438 common shares, of which\n1,734,240 shares are held by New Age Metals Inc., and 410,000 stock\noptions entitling Mr. Barr to purchase an additional 410,000 common\nshares of the Company representing 31.22% of the Company’s current\nissued and outstanding shares on a post-conversion beneficial\nownership basis.\n \n \n \n \n The securities were acquired for investment purposes.\n Mr. Barr has a long-term view of the investment and may, in the\nfuture, acquire and/or dispose of securities through the open market,\nthrough private transactions or through the Company’s stock option\nplan as circumstances or market conditions may warrant.\n \n \n \n \n The full report may be obtained from SEDAR+ or by\ncontacting the Company.\n \n \n \n \n “Harry Barr”\n \n \n...