Vancouver, BC – October 2025 – Questcorp Mining Inc. (CSE: QQQ | OTCQB: QQCMF | FSE: D910) (the “Company” or “Questcorp”) announces that it has revised the terms of its previously announced non-brokered private placement (the “Offering”).
The Company will now offer up to 7,500,000 AI Units at a price of $0.20 per unit for gross proceeds of up to $1,500,000 pursuant to the accredited investor exemption under Section 2.3 of National Instrument 45-106 – Prospectus Exemptions.
In addition, the Company will offer up to 11,111,112 LIFE Units at a price of $0.18 per unit for gross proceeds of up to $2,000,000 pursuant to the listed issuer financing exemption under Part 5A of NI 45-106.
Details of the Offering
Each AI Unit will consist of one common share and one-half of one common share purchase warrant (each whole warrant, an “AI Warrant”). Each AI Warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.30 per share for a period of 24 months following the closing of the Offering. The warrants will be subject to accelerated expiry if the Company’s shares trade at or above $0.50 for ten consecutive trading days.
Each LIFE Unit will consist of one common share and one-half of one common share purchase warrant (each whole warrant, a “LIFE Warrant”). Each LIFE Warrant will entitle the holder to acquire one additional common share at a price of $0.24 for a period of 24 months following the closing of the Offering.
Use of Proceeds
Questcorp intends to use the net proceeds from the Offering to fund ongoing exploration and drilling activities at the La Union Gold and Silver Project, to advance exploration work at the North Island Copper Property, and for general working capital purposes.
The Company anticipates participation from UK-based institutional investor Sorbie Bornholm LP in a portion of the Offering.
Additional Information
In connection with the completion of the Offering, Questcorp will pay finders’ fees to eligible third parties who introduce qualified subscribers.
All securities issued under the Accredited Investor Exemption will be subject to a statutory four-month-and-one-day hold period in accordance with applicable securities laws. Securities issued under the Listed Issuer Financing Exemption will not be subject to a hold period.
Completion of the Offering remains subject to receipt of regulatory approvals.
About Questcorp Mining Inc.
Questcorp Mining Inc. is engaged in the acquisition and exploration of mineral properties across North America, with a focus on identifying and developing economic precious and base metals deposits.
The Company holds an option to acquire a 100% interest in:
- The North Island Copper Property, comprising 1,168.09 hectares on Vancouver Island, British Columbia.
- The La Union Project, comprising 2,520.2 hectares located in Sonora, Mexico.
Both properties are subject to existing royalty obligations.
Forward-Looking Statements
This news release contains “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding the completion of the Offering, the expected use of proceeds, and future exploration activities.
Such statements are based on reasonable assumptions but are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially. These risks include general business and economic conditions, market fluctuations, regulatory delays, and the ability to obtain required approvals.
Readers are cautioned not to place undue reliance on forward-looking statements. Questcorp undertakes no obligation to update or revise any forward-looking statements, except as required by law.
Source: Questcorp Mining Inc.
News Release – October 2025
