Quebec Nickel Corp. Announces Closing of Private Placement

Executive Summary

• Québec Nickel Corp. closed a non‑brokered private placement raising $500,000 in gross proceeds.
• The offering consisted of 4,000,000 units at $0.125 per unit, each unit containing one common share and half of a warrant (full warrant exercisable at $0.225 for two years).
• Net proceeds will be used for general working capital, including advancing exploration activities and evaluating strategic opportunities.

Key Details

• Gross proceeds: $500,000 from the private placement.
• Units issued: 4,000,000 units at $0.125 per unit.
• Unit composition: 1 common share + ½ warrant (full warrant exercisable for one additional share at $0.225).
• Warrant term: Exercise price $0.225 per share; valid for two years from issuance.
• Exemptions relied upon: Family, friends and business associates; accredited investor; existing security holder exemption under BC Instrument 45‑534; comparable Canadian exemptions.
• Finder’s fees paid: $4,590 in cash (no securities issued as compensation).
• Use of proceeds: General working capital, advancing exploration activities, evaluating strategic opportunities.
• Statutory hold period: Securities subject to a hold period expiring four months and one day from issuance date.
• Regulatory condition: Offering remains subject to final acceptance by the Canadian Securities Exchange.

Notable Quotes

• “The net proceeds from the Offering will be used for general working capital purposes, including advancing the Company's exploration activities and evaluating strategic opportunities.” – David Patterson, CEO & Director.