Quebec Precious Metals Shareholders Approve Arrangement with Fury Gold

Quebec Precious Metals Corporation (QPM) announced that its shareholders voted overwhelmingly in favor of a plan of arrangement with Fury Gold Mines. At a special meeting, QPM shareholders approved the resolution allowing Fury Gold to acquire all outstanding QPM shares. In exchange, shareholders will receive 0.0741 of a Fury Gold share per QPM share, valuing each QPM share at C$0.04 based on recent market prices.

A total of 50,449,020 QPM shares, about 48.67% of the eligible shares, were represented at the meeting. The resolution required at least a two-thirds majority and received 88.72% in favor. A final court order is expected on April 25, with the arrangement's completion anticipated by April 28, 2025.