The Company expects that the net proceeds from the Offering will be used to explore the Company’s North Island Copper Property located on Vancouver Island, British Columbia.
The Company may pay finder’s fees to eligible parties who assisted in introducing subscribers to the Offering. All securities issued in connection with the Offering will be subject to restrictions on resale for a period of four months and one day in accordance with applicable securities laws. Completion of the Offering remains subject to regulatory approval.
Closing of the last tranche
The company also announced that it has completed the final tranche of its previously announced non-brokered private placement and issued an additional 1,266,667 units (each a “NFT unit“), at a price of $0.15 per NFT unit, for gross proceeds of $190,000. Each NFT unit consists of one common share and one-half of one Warrant.
No finder’s fees were paid in connection with the closing of the final tranche. All securities issued in the final tranche will be subject to resale restrictions in accordance with applicable securities laws until April 9, 2026.
About Questcorp Mining Inc.
Questcorp Mining Inc. engages in the acquisition and exploration of mineral properties in North America for the purpose of locating and developing economically valuable and base metal properties. The Company has an option to acquire a 100% undivided interest in and to mineral claims totaling 1,168.09 hectares, comprising the North Island Copper Property, on Vancouver Island, British Columbia, subject to a royalty obligation. The Company also has an option to acquire a 100% undivided interest in and to mineral claims totaling 2,520.2 hectares comprising the La Union Project in Sonora, Mexico, subject to a royalty obligation.
This press release contains certain “forward-looking statements” under applicable Canadian securities laws. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors that may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or lack of board or regulatory approval. There can be no assurance that geophysical surveys will be completed as planned or conducted at all and that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277245
#Questcorp #Mining #Announces #Flow #Offering