Questcorp Mining Provides Update on Private Placement

Core Viewpoint - Questcorp Mining Inc. has revised the terms of its non-brokered private placement, aiming to raise up to $3,500,000 through the issuance of two types of units: AI Units and LIFE Units [1][4]. Group 1: Offering Details - The Company will offer up to 7,500,000 AI Units at a price of $0.20 each, targeting gross proceeds of up to $1,500,000 under the Accredited Investor Exemption [1]. - Additionally, up to 11,111,112 LIFE Units will be offered at a price of $0.18 each, aiming for gross proceeds of up to $2,000,000 under the Listed Issuer Financing Exemption [1]. - Each AI Unit consists of one common share and one-half of a share purchase warrant, with the full warrant allowing the purchase of an additional share at $0.30 for 24 months [2]. - Each LIFE Unit also consists of one common share and one-half of a share purchase warrant, with the full warrant allowing the purchase of an additional share at $0.24 for 24 months [3]. Group 2: Use of Proceeds - The proceeds from the Offering are intended for ongoing exploration and drilling at the La Union Gold and Silver Project, upcoming exploration at the North Island Copper Property, and general working capital [4]. Group 3: Company Background - Questcorp Mining Inc. focuses on acquiring and exploring mineral properties in North America, specifically targeting precious and base metals [7]. - The Company holds options to acquire 100% interests in the North Island Copper Property (1,168.09 hectares) in British Columbia and the La Union Project (2,520.2 hectares) in Mexico, both subject to royalty obligations [7].