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Questcorp Mining, Inc. ( (TSE:QQQ) ) has shared an announcement.
Questcorp Mining has upsized its previously announced non-brokered private placement to as many as 15,000,000 units at $0.20 per unit, for potential gross proceeds of up to $3 million. Each unit will comprise one common share and one-half warrant, with whole warrants exercisable at $0.30 for 36 months after closing, subject to a 60-day post-closing restriction on exercise.
Proceeds will be directed toward exploration at the La Union Gold and Silver Project in Mexico and the North Island Copper Project in British Columbia, as well as general working capital. The financing, offered under the listed issuer financing exemption in most Canadian provinces and certain other jurisdictions, will result in free-trading units on issuance and may include finders’ fees, underscoring Questcorp’s push to advance its key projects and strengthen its capital position.
More about Questcorp Mining, Inc.
Questcorp Mining Inc. is a Vancouver-based mineral exploration company focused on acquiring and exploring precious and base metal properties in North America. It holds options to acquire 100% interests in the North Island Copper Property on Vancouver Island, British Columbia, and the La Union gold and silver project in Sonora, Mexico, both subject to royalty obligations.
Average Trading Volume: 228,288
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$22.01M
See more data about QQQ stock on TipRanks’ Stock Analysis page.