QUEST RARE MINERALS LTD V.QRM

Primary Symbol: QRMLF

Metals & Mining Industrial Metals & Minerals

Quest Rare Minerals Ltd is a Canadian exploration company developing Strange Lake rare earth deposit in northeastern Quebec, Canada. The Strange Lake REE deposit contains quantities of all the rare earth metals used in permanent magnets. The company is to become a supplier of rare earth oxides for the permanent magnet industry to be used in variety of industrial and consumer applications including wind turbines, automobiles, consumer electronics and medical equipment. Its project portfolio includes Strange Lake Rare Earth project, and Strange Lake Preliminary Economic Assessment.

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QUEST RARE MINERALS LTD

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Comment by forwardhoon Aug 18, 2010 3:47pm

222 Views

Post# 17362596

RE: RE: RE: RE: RE: RE: RE: Investment

I think that you should look at the details. It allows the purchase of shares (500,000) at $3.00, plus a warrant for an additional share at $3.25, to be exercised within 18 months,. It would have been far less expensive to simply sell the shares at todays market. This offer does dilute the base. I urge you to read the press release again..... ----------Original Message Posted 8/18/2010 11:23:42 AM---------- I agree with you that it is non-dilutive. It's really a matter of principle that I am annoyed with the move. Let's hope in the next 6 months or so we get an offer at $10 and we can get on with our lives...happily ever after. Best,K613.

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