QcX Gold Announces Closing of Private Placement

Core Points - QcX Gold Corp. has successfully closed a non-brokered private placement financing, raising gross proceeds of $750,000 through the issuance of 7,500,000 units at a price of $0.10 per unit [1][4] - Each unit consists of one common share and one whole common share purchase warrant, with the warrant allowing the purchase of one common share at $0.15 for a period of 24 months [2] - The net proceeds from the offering will be used for exploration and evaluation of the Golden Giant and Fernet properties, as well as for general working capital [4] Financial Details - The company paid a cash commission of $43,400 and issued 434,000 finder's warrants to certain finders [3] - An aggregate of 1,410,000 options to purchase common shares has been granted to directors, officers, and consultants at a price of $0.155 per share for five years [6] Shareholder Information - Prior to the offering, Albert Contardi owned approximately 17.16% of the issued common shares, which increased to approximately 13.60% on an undiluted basis and 19.72% on a partially diluted basis after the offering [7] Company Overview - QcX Gold is focused on exploring gold and VMS style mineralization in Québec, Canada, with significant projects located near major discoveries [8]