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QC Copper & Gold Closes $5 Million Financing
QC Copper & Gold Closes $5 Million Financing QC Copper & Gold Closes $5...
About this update from Xxix Metal Corp.
[{"type":"text","content":"\n \n \n \n QC Copper & Gold Closes $5 Million Financing\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n QC Copper & Gold Closes $5 Million Financing\n \n \n Canada NewsWire\n \n \n TORONTO, Nov. 30, 2020\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n TORONTO\n \n ,\n \n Nov. 30, 2020\n \n /CNW/ - QC Copper and Gold Inc. (\"\n \n QC Copper\n \n \" or the \"\n \n Company\n \n \") (TSXV: QCCU), is pleased to announce that it has closed its previously announced non-brokered private placement for aggregate proceeds of\n \n $5,000,260\n \n (the \"Offering\"). Upon closing of the offering, the Company issued:\n \n \n \n 22,667,066 Units (\"Hard Dollar Units\") at a price of\n \n $0.15\n \n per unit for gross proceeds of\n \n $3,400,059.95\n \n , where each Hard Dollar Unit consists of one common share and one half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of\n \n $0.20\n \n for a period of 24 months from the date of issuance.\n \n \n \n \n 8,890,001 Flow-Through Units (\"FT Units\") at a price of\n \n $0.18\n \n per unit for gross proceeds of\n \n $1,600,200.16\n \n , where each FT Unit consists of one flow through common share and one half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of\n \n $0.22\n \n for a period of 24 months from the date of issuance.\n \n \n \n The Company intends to use the net proceeds from the sale of Units towards its exploration and development work on the Opemiska Copper Project in\n \n Chapais, Quebec\n \n , and for general corporate and working capital purposes. The Company intends to use the net proceeds from the sale of FT Units towards its exploration work on the Opemiska Copper Project in\n \n Chapais, Quebec\n \n .\n \n \n The Common Shares and Warrants underlying the Hard Dollar Units and the FT Common Shares and...