Questcorp Mining Provides Clarification on Private Placement Investment

Core Points - Questcorp Mining Inc. completed the first tranche of its non-brokered private placement on October 24, 2025, issuing 14,000,334 units at a price of $0.15 per unit, resulting in gross proceeds of $2,100,050 [1] - Each unit consists of one common share and one-half of a share purchase warrant, with warrants allowing the purchase of additional shares at $0.20 until October 24, 2027, subject to certain conditions [1] - A portion of the units, amounting to $2,000,000, is held under a sharing agreement with Sorbie Bornholm LP, with funds secured in escrow [2] - The company's economic interest under the sharing agreement will be settled in twenty-four monthly tranches, with each tranche totaling $79,792 unless adjusted based on the settlement price [2][3] - The settlement price is determined monthly based on a volume-weighted average price, with potential for the company to receive more than 100% of the monthly settlement if the settlement price exceeds the benchmark price of $0.1949 [3][4] - The company holds options to acquire 100% interests in mineral claims in North America, including the North Island Copper Property and the La Union Project, both subject to royalty obligations [5]