Quantum Energy Inc. (QEGY) announces the withdrawal of shares from 19,382,676 common shares

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Company reduces outstanding shares by 39% to 30,455,943 common shares

WASHINGTON and HENDERSON, Nev., January 12, 2022 (GLOBE NEWSLETTER) – Quantum Energy Inc. (OTC: QEGY) (“Quantum”) announces the return and withdrawal of 19,382,676 common shares, reducing the outstanding common shares of the Company to 30,455,943 from 49,838,629 common shares.

The Company entered into settlement agreements with four former officers and directors and one former affiliate shareholder of the Company resulting in the withdrawal of 19,382,676 common shares of the Company.

Harry ewert, Chief Executive Officer, said, “These confidential settlement agreements and common share withdrawals represent the important and substantive work of our securities lawyers and senior management of the Company. Special mention to our CFO Mr. William westbrook for all of his hard work on this subject over the past 8 months.

The Company also announces the resignation of Jeffrey mallmes of his position as director of our board of directors in effect January 3e, 2022. A related 8-K repository will be completed today.

In addition, the Company announces that it has filed a share in the United States District Court for the State of Nevada against the defendants Suprock jeans and PSC Consultants, LLC, an entity controlled by Suprock jeans. The complaint alleges a violation of the implied commitment of good faith and fair dealing, unjust enrichment and breach of contract. The Company is seeking the return of 3.4 million shares of its common stock, legal costs and pecuniary damages. See: 2: 21-cv-02184-JAD-BNW Quantum Energy Inc. v. PCS Advisors LLC et al.

Will westbrook, Quantum CFO, said, “The company will continue to aggressively defend the rights of the company as well as protect the value of our legitimate shareholders.”

On Quantum Energy Inc.

Quantum is an energy-focused company with a project focused on rare earth refining and real estate development in United States and Canada. This includes the refining, processing and value-added manufacturing of rare earth elements and other raw materials to produce magnetic and energy related products –www.qegy.energy.

Safe Harbor Forward-Looking Statements

This press release contains forward-looking statements. These declarations are made under the “safe harbor” provisions of the we Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “plan”, ” believe ”,“ is / are likely to ”,“ future ”or other similar expressions. We have based these forward-looking statements in large part on our current expectations and projections regarding future events and financial trends that we believe could affect our financial condition, results of operations, business strategy, financial results and needs. financial. We caution you not to place undue reliance on forward-looking statements. You should read these statements in conjunction with the risk factors disclosed in the “Risk Factors” section appearing elsewhere in this annual report. These risks are not exhaustive. We operate in a rapidly changing environment. New risk factors emerge from time to time, and it is impossible for our management to predict all risk factors, nor can we assess the impact of all factors on our business or the extent to which a factor, or a combination of factors, may cause results to differ from those contained in any forward-looking statement. We assume no obligation to update or revise forward-looking statements, except as required by applicable law.

Quantum Energy Inc. Company details :

Douglas fir C.Investor Relations
Washington DC
202-750-3822
investor relations@qegy.energy
www.qegy.energy

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Quantum Energy Inc (QEGY) announces the withdrawal of shares of 19,382,676 ordinary shares

Quantum Energy Inc. (OTC: QEGY) (“Quantum”) announces the return and withdrawal of 19,382,676 common shares, reducing the outstanding common shares of the Company to 30,455,943 from 49,838,629 common shares. Quantum is an energy-focused company with a project focused on rare earth refining and real estate development in United States and Canada. This includes the refining, processing and value-added manufacturing of rare earth elements and other raw materials to produce magnetic and energy related products – www.qegy.energy.

Source: Quantum Energy, Inc.

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