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Questcorp Mining Launches $3.5 Million Private Placement for Exploration Projects

Story Highlights
  • Questcorp Mining is focused on acquiring and exploring mineral properties in North America.
  • The company announced a private placement to raise $3.5 million for exploration and working capital.
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Questcorp Mining, Inc. ( (TSE:QQQ) ) just unveiled an update.

Questcorp Mining Inc. announced a non-brokered private placement offering of up to 17,500,000 units at $0.20 per unit, aiming to raise up to $3.5 million. The funds will be used for exploration and drill work at the La Union Gold and Silver Project, exploration at the North Island Copper Property, and general working capital. The offering is subject to regulatory approvals and includes finders’ fees for eligible third parties.

More about Questcorp Mining, Inc.

Questcorp Mining Inc. is engaged in the acquisition and exploration of mineral properties in North America, focusing on developing economic precious and base metals properties. The company holds options to acquire interests in the North Island Copper Property in British Columbia and the La Union Project in Sonora, Mexico.

Average Trading Volume: 227,224

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$13.71M

See more data about QQQ stock on TipRanks’ Stock Analysis page.

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