Local News

The sale of a mine in Snow Lake has been delayed

QMX and Northern Sun Mining Corporation have agreed to extend the closing of the proposed acquisition by Northern Sun of the Snow Lake property to May 31st.  The closing of this transaction remains subject to a number of conditions including receipt of all necessary government and regulatory approvals in Canada and China and Northern Sun securing the financing necessary to complete the acquisition.

             

QMX President and CEO Brett New says 2013 was a difficult year for the Company with the decision to discontinue development at the Lac Herbin Mine in Quebec and the sale of the Snow Lake property.  However he says QMX is continuing to pursue the sale of the Snow Lake property which will eliminate their bridge loan and allow the Company to focus on its Quebec operations by investigating other acquisition opportunities in the area.

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