David Patterson Announces Early Warning Report Filed Pursuant to National Instrument 62-103

Rhea-AI Summary

David Patterson has increased his ownership in Quebec Nickel Corp (CSE:QNI) through the acquisition of 31,500 common shares at $0.10 per share on February 13, 2025. Prior to this purchase, Patterson owned 1,339,300 shares, representing 9.9% of outstanding shares. Following the transaction, his ownership increased to 1,370,800 shares, equivalent to 10.13% of the company's 13,534,420 outstanding common shares.

This disclosure is made in compliance with National Instrument 62-103, The Early Warning System and Related Take Over Bids and Insider Reporting Issues. Patterson states that the securities were acquired for investment purposes, and he may modify his holdings based on market conditions through various means including market transactions, private agreements, or treasury issuances.

Positive

• Insider increased position showing confidence in company
• Share purchase completed at $0.10 per share, indicating price stability

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - February 18, 2025) - This press release is being disseminated as required by National Instrument 62-103 The Early Warning System and Related Take Over Bids and Insider Reporting Issues in connection with the acquisition of securities of Quebec Nickel Corp (CSE:QNI) (the "Issuer" or the "Company") by Mr. David Patterson ("Mr. Patterson" or the "Acquiror").

The Acquiror announces that on February 13, 2025, Mr. Patterson acquired 31,500 common shares in the public market at $0.10 per common share.

Immediately prior to the Purchase, Mr. Patterson was the legal beneficial owner of 1,339,300 common shares of the Issuer, representing approximately 9.9% of the then issued and outstanding common shares.

Immediately following the Purchase, Mr. Patterson was the legal and beneficial owner of 1,370,800 common shares, representing approximately 10.13% of the issued and outstanding common shares (being 13,534,420 common shares).

The Acquiror acquired the securities of the Company for investment purposes and may, depending on market and other conditions, increase, decrease or change his beneficial ownership over the common shares or other securities of the Company through market transactions, private agreements, treasury issuances, exercises of convertible securities or otherwise.

A copy of the Early Warning Report filed under applicable securities laws is available under the Company's profile on SEDAR+ (www.sedarplus.ca). A copy of such report may also be obtained by contacting the Company at info@quebecnickel.com.

the name and address of the "Acquiror" filing the report is:

David Patterson
604-230-1793
Vancouver, BC

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241424

FAQ

How many shares did David Patterson acquire in Quebec Nickel Corp (QNICF) on February 13, 2025?

David Patterson acquired 31,500 common shares at $0.10 per share on February 13, 2025.

What is David Patterson's total ownership percentage in Quebec Nickel Corp (QNICF) after the February 2025 purchase?

After the purchase, David Patterson owns 1,370,800 shares, representing 10.13% of the company's outstanding shares.

What was the purchase price per share in Patterson's February 2025 acquisition of QNICF shares?

The purchase price was $0.10 per common share.

How many total outstanding shares does Quebec Nickel Corp (QNICF) have as of February 2025?

Quebec Nickel Corp has 13,534,420 total outstanding common shares.