Stockwatch

Quebec Nickel Corp
Symbol	QNI
Shares Issued	115,344,205
Close 2023-12-28	C$ 0.01
Market Cap	C$ 1,153,442
Recent Sedar+ Documents

Quebec Nickel to roll back shares 1:10 basis Jan. 8

2023-12-29 15:05 ET - News Release

Subject: QNI news release PDF Document File: Attachment 2023-12-29 QNI news releaes announcing consolidation FINAL.pdf QUEBEC NICKEL CORP. CANADIAN SECURITIES EXCHANGE Symbol "QNI" QUEBEC NICKEL ANNOUNCES SHARE CONSOLIDATION Vancouver, British Columbia, December 29, 2023 Quebec Nickel Corp. (CSE: QNI; FSE: 7lB; OTCQB: QNICF) ("QNI" or the "Company") announces a 10 to 1 share consolidation of its issued and outstanding common shares. QNI intends to consolidate its issued and outstanding share capital on the basis of 1 post- consolidation common share for each 10 pre-consolidation common shares (the "Consolidation"). Any fraction of a common share will be rounded up or down to the nearest whole number. The common shares are expected to begin trading on a consolidated basis and with new CUSIP number 748119708 on January 8, 2024, subject to the regulatory approvals, including the approval of the CSE. As a result of the Consolidation, the outstanding common shares of QNI will be reduced to approximately 11,534,420. Shareholders who hold their shares through a securities broker or dealer, bank or trust company will not be required to take any measures with respect to the share consolidation. QNI's transfer agent, Endeavor Trust Corporation ("Endeavor"), will mail a letter of transmittal to all registered shareholders of QNI that will contain instructions for exchanging their pre-Consolidation common shares for post-Consolidation common shares. Registered shareholders will be required to return their certificates representing pre-Consolidation common shares and a completed letter of transmittal to Endeavor. Any registered shareholder who submits a duly completed letter of transmittal to Endeavor along with pre-Consolidation share certificate will receive in return a post- Consolidation share certificate or Direct Registration System Advice. QNI's outstanding warrants and options will be adjusted on the same basis (10 to 1) as QNI's common shares, with proportionate adjustments being made to exercise prices. QNI will not be changing its name or trading symbol in connection with the Consolidation. Trading on a Consolidated Basis is expected to occur on January 8, 2024 with a Record Date of January 9, 2024. ABOUT QUEBEC NICKEL CORP. Quebec Nickel Corp. is a mineral exploration company focused on acquiring, exploring, and developing critical metals (Ni-Cu-Co-PGE) projects in Quebec, Canada. The Company has a 100% interest in the Ducros Property, consisting of 282 contiguous mining claims covering 15,293 hectares 1 within the eastern portion of the Abitibi Greenstone Belt in Quebec, Canada. Additional information about Quebec Nickel Corp. is available at www.quebecnickel.com. The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. On behalf of the Board of Directors David Patterson Chief Executive Officer and Director 1 (855) 764-2535 (QNICKEL) info@quebecnickel.com CAUTIONARY AND FORWARD-LOOKING STATEMENTS This news release includes certain statements that may be deemed "forward-looking statements". All statements in this news release, other than statements of historical facts that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results may differ materially from those in the forward-looking statements. Factors that could cause the results to differ materially from those in forward- looking statements include market prices, continued availability of capital and financing, and general economic, market, or business conditions. Investors are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward- looking statements. Forward-looking statements are based on the beliefs, estimates, and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates, opinions, or other factors should change. 2