The latest announcement is out from Questcorp Mining, Inc. ( (TSE:QQQ) ).
Questcorp Mining Inc. has announced a non-brokered private placement offering of up to 33 million units at $0.06 per unit, aiming to raise $1.98 million. The proceeds will be used to acquire the La Union Project, fund exploration at the North Island Copper Property, pay off existing liabilities, and for general working capital. The completion of the offering is subject to Canadian Securities Exchange approval, and if fully subscribed, will require shareholder approval.
More about Questcorp Mining, Inc.
Questcorp Mining Inc. is a Canadian company focused on the acquisition and exploration of mineral properties. It holds an option to fully acquire the North Island Copper Property on Vancouver Island, British Columbia, and aims to develop economic precious and base metals properties.
YTD Price Performance: 50.0%
Average Trading Volume: 101,104
Technical Sentiment Consensus Rating: Sell
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