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QC Copper and Gold ( (TSE:XXIX) ) has shared an update.
XXIX Metal Corp. has arranged a best-efforts private placement financing of up to approximately $12 million, led by SCP Resource Finance, through a mix of Ontario and Québec charity flow-through units and conventional units. The flow-through components are structured to provide Canadian tax benefits while directing proceeds toward qualifying exploration expenditures on the company’s mineral properties in Ontario and Québec by the end of 2027, with additional funds from non-flow-through units supporting broader corporate and exploration needs. The offering, conducted under the listed issuer financing exemption and other prospectus exemptions, broadens access to both retail and accredited investors, potentially strengthening XXIX’s balance sheet and enabling an accelerated exploration program without an immediate hold period on certain securities issued to Canadian subscribers.
More about QC Copper and Gold
XXIX Metal Corp. is a Toronto-based mineral exploration company listed on the TSX Venture Exchange, focused on advancing its mineral properties in Ontario and Québec. The company targets exploration-stage assets and utilizes flow-through share structures to fund qualifying exploration expenditures in key Canadian mining jurisdictions.
Average Trading Volume: 630,499
Technical Sentiment Signal: Buy
Current Market Cap: C$44.49M
For detailed information about XXIX stock, go to TipRanks’ Stock Analysis page.