Questcorp Mining Announces Private Placement

Rhea-AI Summary

Questcorp Mining (OTCQB: QQCMF) announces a non-brokered private placement of up to 10,000,000 Units at $0.20 each to raise gross proceeds of up to $2,000,000. Each Unit includes one common share and one-half warrant; whole Warrants exercise at $0.30 for 36 months.

Proceeds are earmarked for exploration at the La Union Gold and Silver Project and the North Island Copper Project, plus general working capital. Units will be offered under the Listed Issuer Financing Exemption and will be immediately free-trading in applicable Canadian jurisdictions, excluding Quebec.

Positive

• Up to $2.0M capital to fund exploration and working capital
• Units will be immediately free-trading under Canadian rules
• Warrants provide potential upside at a $0.30 strike price

Negative

• Issuance of up to 10,000,000 Shares creates potential dilution
• Warrants exercisable for 36 months could increase share count
• Offering is subject to regulatory approval and not available to U.S. persons

Vancouver, British Columbia--(Newsfile Corp. - February 10, 2026) - Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the "Company" or "Questcorp") is pleased to announce that it will offer (the "Offering") up to 10,000,000 units (each, a "Unit") by way of non-brokered private placement at a price of $0.20 per Unit for gross proceeds of up to $2,000,000. Each Unit will consist of one common share of the Company (each, a "Share") and one-half-of-one share purchase warrant (each whole share purchase warrant, a "Warrant"). Each Warrant will entitle the holder to acquire an additional common share of the Company at a price of $0.30 for a period of thirty-six months following closing of the Offering, provided that holders will not be permitted to exercise Warrants until 60 days following closing of the Offering.

The Company expects to utilize the proceeds of the Offering for exploration work at the Company's La Union Gold and Silver Project and North Island Copper Project, and for general working capital purposes.

The Units to be issued under the Offering will be offered for sale pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions, as amended by CSA Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (collectively, the "Listed Issuer Financing Exemption"), in all provinces of Canada, except Quebec, and other qualifying jurisdictions, including the United States. The Units offered under the Listed Issuer Financing Exemption will be immediately "free-trading" under applicable Canadian securities laws.

There is an offering document (the "Offering Document") related to this Offering that can be accessed under the Company's profile at www.sedarplus.ca and at the Company's website at https://questcorpmining.ca/. Prospective investors should read this Offering Document before making an investment decision.

In connection with completion of the Offering, the Company may pay finders' fees to eligible third-parties who have introduced subscribers to the Offering. Completion of the Offering remains subject to receipt of regulatory approvals.

This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.

About Questcorp Mining Inc.

Questcorp Mining Inc. is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The Company holds an option to acquire an undivided 100% interest in and to mineral claims totaling 1,168.09 hectares comprising the North Island Copper Property, on Vancouver Island, British Columbia, subject to a royalty obligation. The Company also holds an option to acquire an undivided 100% interest in and to mineral claims totaling 2,520.2 hectares comprising the La Union Project located in Sonora, Mexico, subject to a royalty obligation.

Contact Information

Questcorp Mining Corp.

Saf Dhillon, President & CEO

Email: saf@questcorpmining.ca
Telephone: (604) 484-3031

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the intended use of proceeds from the Offering; closing of the Offering; and filing of the Offering Document. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive board or regulatory approvals. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283435

FAQ

What are the terms of Questcorp's private placement (QQCMF) announced February 10, 2026?

Direct answer: Questcorp is offering up to 10,000,000 Units at $0.20 for gross proceeds up to $2.0M. Supporting context: According to the company, each Unit includes one common share plus one-half warrant, with whole Warrants exercisable at $0.30 for 36 months.

How will proceeds from the QQCMF offering be used by Questcorp Mining?

Direct answer: Proceeds are intended for exploration and general working capital. Supporting context: According to the company, funds will finance work at the La Union Gold and Silver Project and the North Island Copper Project, plus corporate operating needs.

What dilution should shareholders expect from Questcorp's (QQCMF) private placement?

Direct answer: The offering could issue up to 10,000,000 new Shares, creating dilution if fully subscribed. Supporting context: According to the company, additional share issuance from Warrant exercises at $0.30 over 36 months could further increase outstanding shares.

Are Questcorp's offered Units immediately tradable for investors in Canada (QQCMF)?

Direct answer: Yes, Units offered under the Listed Issuer Financing Exemption are immediately free-trading in eligible Canadian jurisdictions. Supporting context: According to the company, the exemption applies in all provinces except Quebec and to other qualifying jurisdictions subject to local rules.

Can U.S. investors participate in Questcorp's (QQCMF) private placement?

Direct answer: No, the securities are not registered for sale in the United States and cannot be offered to U.S. persons. Supporting context: According to the company, the offering is not registered under the U.S. Securities Act and sales to U.S. persons are restricted absent registration or an exemption.