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Questcorp Mining, Inc. ( (TSE:QQQ) ) has provided an announcement.
Questcorp Mining Inc. has clarified the terms and risks of a sharing agreement tied to a C$2.1 million non-brokered private placement completed in October 2025, under which 14,000,334 units were issued at C$0.15 per unit. The company entered a C$2 million notional sharing arrangement with institutional investor Sorbie Bornholm LP that will be settled over 24 monthly tranches based on a benchmark share price, meaning Questcorp may ultimately realize more or substantially less than the C$2 million, with no assurance as to the final amount. Questcorp further disclosed that no funds under the sharing agreement are held in escrow or otherwise secured, exposing the company to counterparty risk if Sorbie encounters financial difficulties, a factor that could materially affect the company’s expected funding and financial flexibility.
More about Questcorp Mining, Inc.
Questcorp Mining Inc. is a North America-focused mineral exploration company dedicated to acquiring and exploring precious and base metal properties. It holds options to acquire 100% interests in the North Island Copper Property on Vancouver Island, British Columbia, and the La Union Project in Sonora, Mexico, both subject to royalty obligations.
Average Trading Volume: 183,088
Technical Sentiment Signal: Buy
Current Market Cap: C$17.6M
Find detailed analytics on QQQ stock on TipRanks’ Stock Analysis page.