Questcorp Mining Announces Upsized Private Placement

Core Viewpoint - Questcorp Mining Inc. is increasing its non-brokered private placement to raise up to $3,000,000 through the sale of 15,000,000 units at a price of $0.20 per unit, which will support exploration projects and working capital needs [1][2]. Group 1: Offering Details - The offering consists of units priced at $0.20 each, with each unit comprising one common share and one-half of a share purchase warrant [1]. - Each warrant allows the holder to purchase an additional common share at $0.30 for a period of thirty-six months after the offering closes, with a 60-day exercise restriction post-closing [1]. - The offering is conducted under the Listed Issuer Financing Exemption, making the units immediately "free-trading" under Canadian securities laws, except in Quebec [3]. Group 2: Use of Proceeds - The proceeds from the offering will be allocated for exploration work at the La Union Gold and Silver Project and the North Island Copper Project, as well as for general working capital purposes [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 [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 Sonora, Mexico, both subject to royalty obligations [7].