Business
Copper Quest Closes Second and Final Tranche of Flow-Through Private Placement
// Not for distribution to the United States newswire services or for dissemination in the United States // VANCOUVER, British Columbia, Dec. 24, 2025 (GLOBE NEWSWIRE) -- Copper Quest Exploration Inc. (CSE: CQX; FRA: 3MX) (“Copper Quest” or the “Company”) is pleased to announce that, further to its news release dated December 10, 2025, it has issued an aggregate of 579,764 flow-through shares of the Company (the "FT Shares", and each, a "FT Share") at a price of $0.19 per FT Share for aggregate
About this update from Copper Quest Exploration Inc.
[{"type":"image","alt":"Copper Quest Exploration Inc.","displaySize":"","headline":null,"caption":"Copper Quest Exploration Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":155,"height":89,"url":"https://media.zenfs.com/en/globenewswire.com/354a64bd891a44b5a8e5255cdb698427"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/fnsbQrd5odBoI0YdAE.FNA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIxMDtoPTEyMTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/354a64bd891a44b5a8e5255cdb698427","width":155,"height":89}},"lazy":false},{"type":"text","content":"// Not for distribution to the United States newswire services or for dissemination in the United States //","length":107,"tagName":"p"},{"type":"text","content":"VANCOUVER, British Columbia, Dec. 24, 2025 (GLOBE NEWSWIRE) -- Copper Quest Exploration Inc. (CSE: CQX; FRA: 3MX) (“Copper Quest” or the “Company”) is pleased to announce that, further to its news release dated December 10, 2025, it has issued an aggregate of 579,764 flow-through shares of the Company (the "FT Shares", and each, a "FT Share") at a price of $0.19 per FT Share for aggregate gross proceeds of $110,155.16 in connection with the closing of the second and final tranche of its previously announced non-brokered private placement (the "Private Placement").","length":600,"tagName":"p"},{"type":"text","content":"Each FT Share constitutes a “flow-through share” within the meaning of the Income Tax Act (Canada) (the "Tax Act") and the gross proceeds of the Private Placement will be used by the Company for exploration and related programs, which qualify as "Canadian exploration expenses" and either "flow-through mineral mining expenditures" or "flow-through critical mineral mining expenditures", as applicable, as such terms are defined in the Tax Act, in connection with Copper Quest's projects in British Columbia.","length":562,"tagName":"p"},{"type":"text","content":"In connection with the Private Placement, the Company has paid cash finder’s fees totaling $2,770.20 and issued a total of 14,580 finder’s warrants (the “Finder’s Warrants”) entitling the holder thereof to acquire one non-flow-through common share at an exercise price of C$0.19 until December 24, 2027.","length":303,"tagName":"p"},{"type":"text","content":"All securities issued purs...