QCX Gold arranges $750,000 private placement

Executive Summary

• QCX Gold Corp. announced a non‑brokered private placement to raise up to $750,000 by issuing up to 7.5 million units at $0.10 per unit.
• Each unit consists of one common share and one whole warrant allowing purchase of an additional share at $0.15 for 24 months.
• Net proceeds are earmarked for continued exploration on the Golden Giant and Fernet properties and for general working capital.

Key Details

• Financing Structure: Up to 7,500,000 units; each unit = 1 common share + 1 whole warrant.
• Pricing: $0.10 per unit (equivalent to $0.05 per share plus $0.05 per warrant).
• Gross Proceeds Target: $750,000.
• Warrant Terms: Right to purchase one additional common share at $0.15 per share; exercisable for 24 months from issuance date.
• Use of Proceeds: Exploration and evaluation of Golden Giant and Fernet properties; general working capital.
• Closing Conditions: Subject to corporate and regulatory approvals, including TSX Venture Exchange approval.
• Hold Period: Securities subject to a four‑month plus one day hold period and applicable resale rules.

Notable Quotes

(No CEO/President quotes were included in the release.)