Questcorp Mining Announces Private Placement

Executive Summary

• Questcorp Mining Inc. announced a non‑brokered private placement of up to 10,000,000 units at $0.20 per unit, targeting gross proceeds of up to $2,000,000.
• Each unit consists of one common share and half of a share purchase warrant (full warrant exercisable at $0.30 per share for 36 months, with a 60‑day lock‑up post‑closing).
• Proceeds are earmarked for exploration work on the La Union Gold & Silver Project in Mexico and the North Island Copper Project on Vancouver Island, plus general working capital.

Key Details

• Units Offered: Up to 10,000,000 units @ $0.20 each → $2,000,000 gross proceeds.
• Unit Composition:
• 1 common share of Questcorp Mining Inc.
• ½ share purchase warrant (full warrant gives the right to buy one additional share at $0.30).
• Warrant Terms:
• Exercise price: $0.30 per share.
• Exercisable for 36 months after closing.
• No exercise permitted until 60 days after closing.
• Use of Proceeds:
• Exploration activities at the La Union Gold & Silver Project (Sonora, Mexico).
• Exploration activities at the North Island Copper Project (Vancouver Island, BC).
• General working capital.
• Offering Exemption: Conducted under the Listed Issuer Financing Exemption of NI 45‑106 (Part 5A) and CSA Blanket Order 45‑935; units will be “free‑trading” immediately in Canada (excluding Quebec) and other qualifying jurisdictions, including the U.S. (subject to applicable exemptions).
• Regulatory Conditions: Completion subject to receipt of required regulatory approvals.
• Finder’s Fees: Company may pay eligible third‑party finders who introduce subscribers to the offering.
• Investor Documentation: Offering Document available on SEDARplus and Questcorp’s website; investors urged to review before investing.

Notable Quotes

• Saf Dhillon, President & CEO: “The capital raised will accelerate our exploration programs at La Union and North Island, positioning us for the next phase of value creation.”