Questcorp Mining Provides Update on Private Placement
Questcorp Mining (OTCQB: QQCMF) revised terms for a previously announced non‑brokered private placement, offering up to 7,500,000 AI Units at $0.20 (gross $1.5M) under the Accredited Investor Exemption and up to 11,111,112 LIFE Units at $0.18 (gross $2.0M) under the Listed Issuer Financing Exemption.
Each AI Unit and LIFE Unit includes one common share and one‑half warrant; AI Warrants exercise at $0.30 and LIFE Warrants at $0.24, each for 24 months (AI Warrants subject to accelerated expiry on a $0.50 ten‑day trigger). The PR states proceeds will fund exploration and drill work at La Union, upcoming work at North Island, and general working capital. The PR also notes anticipated participation by UK institutional investor Sorbie Bornholm LP, finders' fees, offering documents on SEDAR+, and that closing is subject to regulatory approvals.
Questcorp Mining (OTCQB: QQCMF) ha rivisto i termini per una private placement non brokerata annunciata in precedenza, offrendo fino a 7.500.000 AI Unit a 0,20 USD (lordo 1,5 M USD) nell’ambito dell’esenzione per investitori accreditati e fino a 11.111.112 LIFE Unit a 0,18 USD (lordo 2,0 M USD) nell’ambito dell’esenzione di finanziamento per emittenti quotati.
Ogni AI Unit e LIFE Unit comprende una azione ordinaria e una warranth di 24 mesi (le warrants AI esercitano a 0,30 USD e le LIFE Warrants a 0,24 USD), ciascuna per 24 mesi (gli AI Warrants soggetti a scadenza accelerata su un trigger di 0,50 USD in dieci giorni). Il comunicato stampa indica che i proventi finanzieranno esplorazioni e lavori di trivellazione a La Union, lavori futuri a North Island e capitale circolante generale. Il comunicato riporta anche la prevista partecipazione di un investitore istituzionale britannico Sorbie Bornholm LP, eventuali compensi agli intermediari, documenti dell’offerta su SEDAR+ e che la chiusura è soggetta ad approvazioni regolamentari.
Questcorp Mining (OTCQB: QQCMF) revisó los términos de una colocación privada no intermediada anunciada previamente, ofreciendo hasta 7.500.000 AI Units a 0,20 USD (bruto 1,5 M USD) bajo la Exención para Inversionistas Acreditados y hasta 11.111.112 LIFE Units a 0,18 USD (bruto 2,0 M USD) bajo la Exención de Financiamiento para Emisores Listados.
Cada AI Unit y LIFE Unit incluye una acción común y una warrant de dieciocho meses; las Warrants de AI se ejercen a 0,30 USD y las de LIFE a 0,24 USD, cada una por 24 meses (las Warrants de AI están sujetas a expiración acelerada en un desencadenante de 0,50 USD en diez días). El PR indica que los ingresos financiarán exploración y trabajos de perforación en La Unión, trabajos futuros en North Island y capital de trabajo general. El PR también señala la probable participación de un inversor institucional del Reino Unido, Sorbie Bornholm LP, comisiones de intermediación, documentos de la oferta en SEDAR+ y que el cierre está sujeto a aprobaciones regulatorias.
Questcorp Mining (OTCQB: QQCMF)은 앞서 발표된 비브로커 비공개 배정의 조건을 수정하여 7,500,000 AI 유닛을 0.20 USD에(총 150만 USD) Accredited Investor Exemption 하에, 그리고 11,111,112 LIFE 유닛을 0.18 USD에(총 200만 USD) Listed Issuer Financing Exemption 하에 제공합니다.
각 AI 유닛과 LIFE 유닛은 보통주 하나와 1.5개의 워런트를 포함합니다; AI 워런트는 0.30 USD, LIFE 워런트는 0.24 USD에 행사가 되며, 각각 24개월의 유효기간이 주어집니다( AI 워런트는 0.50 USD의 10일 트리거로 가속 만료될 수 있음). PR은 수익이 La Union의 탐사 및 드릴 작업, North Island의 향후 작업, 일반 운영자본에 자금을 제공할 것이라고 명시합니다. 또한 영국 기관투자자 Sorbie Bornholm LP의 참여 예상, 중개인 수수료, SEDAR+의 공모 문서, 폐쇄가 규제 승인에 달려 있음을 언급합니다.
Questcorp Mining (OTCQB: QQCMF) a révisé les conditions d’une levée de fonds privée non mandatée annoncée précédemment, offrant jusqu’à 7 500 000 AI Units à 0,20 USD (gros 1,5 M USD) en vertu de l’Exemption Investisseur Accrédité et jusqu’à 11 111 112 LIFE Units à 0,18 USD (gros 2,0 M USD) en vertu de l’Exemption de Financement pour Émetteurs Listés.
Chaque AI Unit et LIFE Unit comprend une action ordinaire et une par valeur d’une moitié de warrant; les AI Warrants s’exercent à 0,30 USD et les LIFE Warrants à 0,24 USD, chacun pour 24 mois (les AI Warrants soumis à une expiry accélérée sur un déclencheur de 0,50 USD sur 10 jours). Le PR indique que les fonds iront à l’exploration et aux travaux de forage à La Union, aux travaux à venir sur North Island et au fonds de roulement général. Le PR mentionne également la possible participation d’un investisseur institutionnel britannique, Sorbie Bornholm LP, des commissions de finders, des documents d’offre sur SEDAR+ et que la clôture est subordonnée à des approbations réglementaires.
Questcorp Mining (OTCQB: QQCMF) hat die Bedingungen für eine zuvor angekündigte, nicht brokerbasierte Privatplatzierung überarbeitet und bietet bis zu 7.500.000 AI Units zu 0,20 USD (brutto 1,5 M USD) unter der Accredited Investor Exemption sowie bis zu 11.111.112 LIFE Units zu 0,18 USD (brutto 2,0 M USD) unter der Listed Issuer Financing Exemption.
Jede AI Unit und LIFE Unit enthält eine Stammaktie und eine halbe Warrant; AI Warrants exercisen zu 0,30 USD und LIFE Warrants zu 0,24 USD, jeweils für 24 Monate (AI Warrants unterliegen einer beschleunigten Ablaufbedingung bei 0,50 USD über zehn Tage). Die Pressemitteilung besagt, dass die Einnahmen Exploration und Bohrarbeiten in La Union, zukünftige Arbeiten auf North Island sowie Betriebskapital finanzieren werden. Außerdem wird eine voraussichtliche Beteiligung des britischen institutionellen Investors Sorbie Bornholm LP erwähnt, Provisionen, Angebotsunterlagen auf SEDAR+ und dass der Abschluss regulatorischen Genehmigungen vorbehalten ist.
Questcorp Mining (OTCQB: QQCMF) عدّلت شروط عرض خاص غير وسيط تم الإعلان عنه سابقاً، مقدمًا حتى 7,500,000 AI Units بسعر 0.20 دولار (إجمالي 1.5 مليون دولار) بموجب استثناء المستثمر المعتمد، وحتى 11,111,112 LIFE Units بسعر 0.18 دولار (إجمالي 2.0 مليون دولار) بموجب استثناء تمويل الجهة المدرجة.
كل وحدة AI ووحدة LIFE تتضمن سهماً عادياً ونصف warrants؛ تمثل warrants AI مبلغ 0.30 دولار و warrants LIFE مبلغ 0.24 دولار، وكل منها لمدة 24 شهراً (Warrants AI خاضعة لانتهاء سريع عند مؤشر 0.50 دولار خلال عشرة أيام). يذكر البيان الصحفي أن العائدات ستمول الاستكشاف وأعمال الحفر في La Union، الأعمال القادمة في North Island، ورأس المال العامل العام. كما يشير البيان إلى مشاركة محتملة من مستثمر مؤسسي بريطاني Sorbie Bornholm LP، ورسوم مكتشفين، ووثائق العرض على SEDAR+، وأن الإغلاق خاضع للموافقات التنظيمية.
Questcorp Mining (OTCQB: QQCMF) 修订了先前公告的非经纪人私人配售条款，提供最高 7,500,000 AI Unit，价格为 0.20 美元（毛收入 150 万美元），适用 Accredited Investor Exemption；以及最高 11,111,112 LIFE Units，价格为 0.18 美元（毛收入 200 万美元），适用 Listed Issuer Financing Exemption。
每个 AI Unit 和 LIFE Unit 包含一股普通股与一份半张认股权证；AI Warrants 行权价为 0.30 美元，LIFE Warrants 行权价为 0.24 美元，各自有效期为 24 个月（AI Warrants 在 10 天内触发 0.50 美元时可能提前到期）。新闻稿指出资金将用于 La Union 的勘探与钻探工作、North Island 的后续工作以及一般运营资本。新闻稿还提到英国机构投资者 Sorbie Bornholm LP 的预计参与、寻购费、在 SEDAR+ 上的招股资料，以及完成需符合监管批准的条件。
- Offering size up to $3.5M total
- Proceeds allocated to La Union exploration and drilling
- Anticipated participation by Sorbie Bornholm LP
- Potential issuance of 7,500,000 AI Units and 11,111,112 LIFE Units
- Potential 9,305,556 additional shares if all warrants exercised
- AI securities under Accredited Investor Exemption subject to 4‑month‑and‑1‑day resale restriction; LIFE securities have no hold period
- Completion remains subject to regulatory approvals
Vancouver, British Columbia--(Newsfile Corp. - October 6, 2025) - Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the "Company" or "Questcorp") announces that it has revised the terms of its previously announced non-brokered private placement (the "Offering"). The Company will now offer up to 7,500,000 units (each, an "AI Unit") at a price of
Each AI Unit will consist of one common share of the Company (each, a "Share") and one-half-of-one share purchase warrant (each whole warrant, an "AI Warrant"). Each AI Warrant will entitle the holder to acquire an additional common share of the Company at a price of
Each LIFE Unit will consist of one Share and one-half-of-one share purchase warrant (each whole warrant, an "LIFE Warrant"). Each LIFE Warrant will entitle the holder to acquire an additional common share of the Company at a price of
The Company expects to utilize the proceeds of the Offering for advancement of ongoing exploration and drill work at the La Union Gold and Silver Project, upcoming exploration work at the North Island Copper Property, and for general working capital purposes. The Company anticipates that UK-based institutional investor, Sorbie Bornholm LP, will participate in a portion of the Offering.
There is an offering document related to the Offering that will be made available under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at: www.questcorpmining.ca. Prospective investors should read this offering document before making an investment decision.
In connection with completion of the Offering, the Company will pay finders' fees to eligible third-parties who have introduced subscribers to the Offering. All securities issued in connection with the Accredited Investor Exemption will be subject to restrictions on resale for a period of four-months-and-one-day in accordance with applicable securities laws. All securities issued in connection with the Listed Issuer Financing Exemption will not be subject to a hold period. Completion of the Offering remains subject to receipt of regulatory approvals.
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
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. 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: the ability of Riverside to secure geophysical contractors to undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets as contemplated or at all, 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/269182
FAQ
What are the revised private placement terms for Questcorp Mining (QQCMF) announced Oct 6, 2025?
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