Questcorp Mining Completes Flow Through Financing

Executive Summary

• Questcorp Mining Inc. closed a non‑brokered private placement of 6,023,077 flow‑through units at $0.13 per unit, generating up to $783,000 in gross proceeds.
• Each FT Unit includes one common share and a half‑share purchase warrant exercisable at $0.20 until 17 Dec 2027; additional finders’ warrants were issued as compensation.
• Proceeds are earmarked for exploration of the North Island Copper Property on Vancouver Island, BC.

Key Details

• Units Issued: 6,023,077 FT Units (each = 1 common share + ½ warrant).
• Price per Unit: $0.13.
• Gross Proceeds: Up to $783,000.
• Warrant Terms: Each warrant allows purchase of an additional common share at $0.20; exercisable until 17 Dec 2027.
• Finders’ Compensation: $53,900 paid and 414,615 finders’ warrants issued.
• 134,615 finders’ warrants exercisable at $0.13.
• 280,000 finders’ warrants exercisable at $0.20.
• Use of Proceeds: Fund exploration activities on the North Island Copper Property (Vancouver Island, BC).
• Resale Restrictions: All securities issued are subject to a lock‑up until 18 Apr 2026 per applicable securities laws.

Notable Quotes

(No direct quotes were provided in the release.)