Questcorp Mining Completes Flow Through Financing

Core Viewpoint - Questcorp Mining Inc. has successfully closed a non-brokered private placement of flow-through units, raising gross proceeds of up to $783,000 to fund exploration activities on its North Island Copper Property in British Columbia [1][2]. Group 1: Offering Details - The company issued 6,023,077 flow-through units at a price of $0.13 per unit, each consisting of one common share and one-half of a share purchase warrant [1]. - Each warrant allows the holder to purchase an additional common share at a price of $0.20 until December 17, 2027 [1]. - The company paid $53,900 and issued 414,615 finders' warrants to parties that assisted in the offering, with different exercise prices for the finders' warrants [3]. Group 2: Use of Proceeds - The proceeds from the offering are intended for exploration of the North Island Copper Property located on Vancouver Island, British Columbia [2]. Group 3: Company Overview - Questcorp Mining Inc. focuses on acquiring and exploring mineral properties in North America, aiming to develop economic precious and base metals properties [4]. - The company holds options to acquire a 100% interest in the North Island Copper Property, totaling 1,168.09 hectares, and the La Union Project in Sonora, Mexico, totaling 2,520.2 hectares [4].