Questcorp Mining Completes Flow Through Financing

Rhea-AI Summary

Questcorp Mining (OTCQB: QQCMF) closed a non-brokered flow-through private placement on December 18, 2025, issuing 6,023,077 FT Units at $0.13 per unit for gross proceeds of $783,000. Each FT Unit includes one flow-through common share and one-half-of-one warrant; warrants are exercisable to buy additional common shares at $0.20 until December 17, 2027.

The company expects to use the proceeds for exploration of its North Island Copper Property on Vancouver Island, British Columbia. The company paid $53,900 in cash and issued 414,615 finders' warrants (134,615 exercisable at $0.13 and 280,000 at $0.20) to third parties. All securities are subject to resale restrictions until April 18, 2026.

Positive

• Gross proceeds of $783,000 from the Offering
• Issued 6,023,077 FT Units at $0.13 per unit
• Proceeds earmarked for North Island Copper Property exploration
• Finders received 414,615 warrants to support distribution

Negative

• Immediate issuance of 6,023,077 common shares increases share count
• Outstanding warrants exercisable at $0.20 until Dec 17, 2027 create potential dilution
• Cash fee of $53,900 and additional finders' warrants increase cost of capital
• Resale restrictions on new securities until April 18, 2026 limit liquidity

Vancouver, British Columbia--(Newsfile Corp. - December 18, 2025) - Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the "Company" or "Questcorp") announces that has closed its non-brokered private placement (the "Offering") of flow-through units (each, an "FT Unit"). In connection with closing, the Company has issued 6,023,077 FT Units, at a price of $0.13 per FT Unit, for gross proceeds of up to $783,000. Each FT Unit consists of one common share of the Company, issued as a flow-through share within the meaning of the Income Tax Act (Canada), and one-half-of-one share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to purchase an additional common share of the Company at a price of $0.20 until December 17, 2027.

The Company anticipates the proceeds from the Offering will be used to conduct exploration of the Company's North Island Copper Property, located on Vancouver Island, British Columbia.

In connection with closing, the Company paid $53,900 and issued 414,615 share purchase warrants (each, a “Finders’ Warrant”) to certain arms-length parties who assisted in introducing subscribers to the Offering. Each Finders’ Warrant is exercisable to acquire a common share of the Company until December 17, 2027, with 134,615 of the Finders’ Warrants exercisable at a price of $0.13 and 280,000 exercisable at a price of $0.20. All securities issued in connection with the Offering are subject to restrictions on resale until April 18, 2026 in accordance with applicable 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 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 the geophysical surveys will be completed as contemplated or at all and that such 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278391

FAQ

How much did Questcorp raise in the December 18, 2025 flow-through financing (QQCMF)?

Questcorp raised $783,000 by issuing 6,023,077 FT Units at $0.13 per unit.

What do the FT Units issued by Questcorp (QQCMF) include and what are the warrant terms?

Each FT Unit includes one flow-through common share and one-half-of-one warrant; warrants are exercisable at $0.20 until December 17, 2027.

How will Questcorp (QQCMF) use the proceeds from the flow-through financing?

The company anticipates using the proceeds to fund exploration of the North Island Copper Property on Vancouver Island, British Columbia.

What fees and finders' warrants were paid in Questcorp's (QQCMF) financing?

Questcorp paid $53,900 in cash and issued 414,615 finders' warrants (134,615 at $0.13; 280,000 at $0.20).

When do the resale restrictions on securities from Questcorp's (QQCMF) offering lift?

Securities issued in the Offering are restricted from resale until April 18, 2026 under applicable securities laws.