Quartz Mountain Resources Ltd 6-K, filed Dec 8, 2021
Quartz Mountain Resources Ltd (QZMRF)
6-K
2021-12-08
For: 2021-12-08
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Added on
April 08, 2026
About this 6-K
Quartz Mountain Resources Ltd filed this 6-K on December 8, 2021.
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
As at
December 8,
2021
Commission File
Number:
QUARTZ
MOUNTAIN RESOURCES LTD.
(Translation of
registrant's name into English)
14th
Floor – 1040 W. Georgia Street Vancouver, British Columbia
Canada V6E 4H1
(Address of
principal executive offices)
Indicate by check
mark whether the registrant files or will file annual reports under
cover Form 20-F or Form 40-F.
[X]
Form 20-F [ ] Form 40-F
Indicate by check
mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): [ ] Indicate by check
mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): [ ]
SUBMITTED HEREWITH
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Press
Release dated December 8, 2021
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SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
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Quartz Mountain Resources Ltd. |
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Date: December 8,
2021
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By:
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/s/ Sebastian Tang
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Sebastian Tang |
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Chief Financial Officer |
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Exhibit 99.1
QUARTZ MOUNTAIN PURCHASES SECOND BC MINERAL PROPERTY
December 08, 2021 Vancouver, BC - Quartz Mountain Resources Ltd. ("Quartz
Mountain" or the "Company") (TSXV: QZM, OTC Pink: QZMRF) announces
that it has entered into a mineral claims purchase agreement to
acquire the Jake Property
located approximately 160km northeast
of Smithers, British Columbia from United Mineral Services Ltd.
(“UMS”). The Jake Property is being targeted for its
copper-gold porphyry potential. UMS is a private company owned by
Robert Dickinson, the controlling shareholder of the Company and a
non-arms-length vendor. Quartz Mountain has agreed to pay UMS
out-of-pocket costs to assemble the property totaling $200,000,
which is payable in four equal tranches over 18 months from the
date of TSX Venture Exchange approval of the
transaction.
The purchase from UMS is comprised of a 100% undivided interest in
four mineral claims it staked as well as the transfer of a valid
option to acquire an undivided 100% interest in five adjacent
mineral claims (the “Underlying Claims”) from Electrum
Resource Corporation, an arms-length third party. The Electrum
option can be exercised with payment of $125,000 to July
2022 or alternatively an equal amount spread over two years
with property work commitments of $360,000. The Underlying Claims
are subject to a 2% NSR which is capped at $3 million.
Maestro Project
In June
2021 Quartz Mountain announced the purchase of the Maestro
Property, located near Houston, British Columbia. The Maestro
Property is being targeted for its gold-silver-copper-molybdenum
bulk tonnage potential. The Maestro Property was acquired from a
third-party vendor for CAD$105,000 in cash and 1,000,000 shares in
the capital of the Company.
43-101 Technical Reports
The
Company has contracted C.J. Greig and Associates Ltd. to complete
43-101 Technical Reports on each of the Jake and Maestro projects
which it expects to receive in January 2022.
Material
exploration of these mineral project acquisitions will require a
financing which the Company will seek going forward.
The Jake Property acquisition is subject to TSX Venture Exchange
approval.
On behalf of the Board of Directors
Leonie Tomlinson
Director
For further details, contact Investor Services at:
T: (604) 684-6365 or within North America at
1-800-667-2114.
E: info@quartzmountainresources.com
W: www.quartzmountainresources.com
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy
of this
release.
This release includes certain
statements that may be deemed
"forward-looking-statements". All statements in
this release, other than statements of
historical facts are forward-looking-statements. These
statements include expectations about the likelihood of completing the private placement and share consolidation and the
ability of the Company to secure regulatory acceptance for
the private placement and share
consolidation. Though the
Company believes the expectations expressed in its forward-looking-statements
are based on reasonable assumptions, such statements are subject
to future events and
third party discretion such as
regulatory personnel. For more information on the Company,
and the risks and uncertainties connected with its business, investors should review
the Company's home jurisdiction filings as www.sedar.com and
its filings with
the United States Securities and
Exchange Commission.