MONTREAL, Jan. 05, 2018 (GLOBE NEWSWIRE) -- Quest Rare Minerals Ltd. (“Quest”) announces that
it filed a proposal (the “Proposal”) on January 3, 2018, pursuant to Part III of the Bankruptcy and Insolvency Act
(Canada) with the Office of the Superintendent of Bankruptcy. The Proposal provides, among other things, for the reorganization of
Quest’s share capital, whereby all issued and outstanding Quest shares will be cancelled, the whole in accordance with Section 191
of the Canada Business Corporations Act (the “Reorganization”).
Subsequent to the issuance, if any, of an order from the Québec Superior Court approving the Proposal and the
Reorganization as well as execution of the Proposal by Quest, Quest will file Articles of Reorganization reflecting the
Reorganization with the Director under the Canada Business Corporations Act.
Further information regarding the Proposal and the Reorganization will be available by way of press releases as
well as on the website of the trustee PricewaterhouseCoopers Inc.
(https://www.pwc.com/ca/en/services/insolvency-assignments/quest.html).
For information:
Alain Wilson
Vice President and CFO
Quest Rare Minerals Ltd.
+ 514 228-0377
info@questrareminerals.com
