Copper Quest Announces Securities for Debt Settlement

Core Viewpoint - Copper Quest Exploration Inc. has entered into a securities for debt settlement agreement to settle a debt of $113,405.28 through the issuance of 872,348 units at a deemed price of $0.13 per unit, which includes common shares and warrants [1][2]. Debt Settlement Agreement - The company will issue 872,348 units, each consisting of one common share and one share purchase warrant, to settle a debt of $113,405.28 [2]. - Each warrant is convertible into an additional share at an exercise price of $0.165 and will expire two years after issuance, with potential acceleration of the expiry date if the share price exceeds $0.50 for ten consecutive trading days [2]. Regulatory Approval - The agreement and the issuance of securities are subject to approval by the Canadian Securities Exchange (CSE) [3]. - The securities will be subject to a hold period of four months and one day in accordance with CSE policies and applicable securities laws [3]. Company Overview - Copper Quest holds interests in seven projects covering over 45,000 hectares in Canada and the USA, focusing on building shareholder value through acquisitions and exploration [4]. - The company has a 100% interest in several properties, including the Alpine Gold Mine, Stars Porphyry Copper-Molybdenum Property, Kitimat Copper-Gold Property, Nekash Copper-Gold Project, Stellar Property, and Thane Project, showcasing significant mineralization potential [5][6][7][8][9]. Project Highlights - The Alpine Gold Mine has a historical inferred resource of 268,000 tonnes, estimated to contain 142,000 ounces of gold [5]. - The Stars Property has drill intersection highlights of 0.466% Cu over 195.07m, indicating strong copper mineralization potential [6]. - The Kitimat Copper-Gold Property has historical drill results showing intersections of up to 1.03 g/t Au and 0.54% Cu over significant lengths [7].