Copper Quest to issue 872,348 units for $113,405 debt

Executive Summary

• Copper Quest Exploration Inc. entered into a securities‑for‑debt settlement agreement to extinguish $113,405.28 of debt.
• The company will issue 872,348 units at a deemed price of $0.13 per unit; each unit consists of one common share and one share purchase warrant.
• Warrants are exercisable at $0.165 per share, expire two years after issuance (with possible acceleration if the share price reaches $0.50 for ten consecutive trading days).

Key Details

• Debt Amount Settled: $113,405.28.
• Units Issued: 872,348 units at a deemed price of $0.13 per unit.
• Unit Composition: 1 common share + 1 share purchase warrant.
• Warrant Terms:
• Exercise price: $0.165 per share.
• Expiration: 2 years from issuance (subject to acceleration).
• Acceleration trigger: Share price ≥ $0.50 for ten consecutive trading days, occurring no earlier than four months after issue; if triggered, warrants expire 30 calendar days after a news release announcing the acceleration.
• Hold Period: Units subject to a hold period of four months and one day per CSE policies and applicable securities laws.
• Regulatory Approval: Issuance pending approval by the Canadian Securities Exchange (CSE).

Notable Quotes

(No executive quotes were provided in the release.)