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An update from Questcorp Mining, Inc. ( (TSE:QQQ) ) is now available.
Questcorp Mining Inc. has completed a non-brokered private placement of 6,023,077 flow-through units at $0.13 per unit, raising gross proceeds of approximately $783,000. Each unit includes one flow-through common share and half of a warrant, with full warrants exercisable at $0.20 until December 17, 2027, and the funds are earmarked for exploration work on the company’s North Island Copper Property on Vancouver Island. The company also paid $53,900 in cash and issued 414,615 finders’ warrants, exercisable at $0.13 and $0.20 until December 17, 2027, to parties that assisted with the financing, with all securities subject to resale restrictions until April 18, 2026, underscoring Questcorp’s continued effort to fund and advance its copper-focused exploration portfolio.
More about Questcorp Mining, Inc.
Questcorp Mining Inc. is a mineral exploration company focused on acquiring and exploring precious and base metal properties in North America. The company 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: 151,597
Technical Sentiment Signal: Sell
Current Market Cap: C$11.31M
For detailed information about QQQ stock, go to TipRanks’ Stock Analysis page.