Questcorp Mining Announces Flow Through Offering

Executive Summary

• Questcorp Mining Inc. announces a new non‑brokered private placement of up to 5,769,231 flow‑through units at $0.13 per unit, targeting gross proceeds of up to $750,000.
• The net proceeds are earmarked for exploration work on the North Island Copper Property on Vancouver Island, BC.
• The company also confirms closing of the final tranche of a prior private placement, issuing 1,266,667 units at $0.15 per unit for $190,000, with no finders’ fees paid.

Key Details

• Offering Size: Up to 5,769,231 FT Units (each = 1 common share + ½ warrant).
• Price per FT Unit: $0.13 → Maximum Gross Proceeds: $750,000.
• Warrant Terms: Each half‑warrant allows purchase of one additional common share at $0.20 for 24 months from issuance.
• Use of Proceeds: Fund exploration activities on the North Island Copper Property (Vancouver Island, BC).
• Finder’s Fees: May be paid to parties introducing subscribers; no fees disclosed for this offering yet.

• Resale Restrictions: Units subject to a four‑month‑and‑one‑day hold period under securities law.

• Final Tranche Closing:

• Units Issued: 1,266,667 NFT Units (each = 1 common share + ½ warrant).
• Price per NFT Unit: $0.15 → Gross Proceeds: $190,000.
• No finders’ fees were paid for this tranche.

• Resale Restrictions: Units locked until April 9, 2026.

• Regulatory Conditions: Completion of the new offering is subject to receipt of required regulatory approvals.

Notable Quotes

(No direct quotes included in the release.)