Business
QC Copper Announces Private Placement with Quebec Funds
Toronto, Ontario--(Newsfile Corp. - March 27, 2023) - QC Copper and Gold Inc. ‎(TSXV: QCC...
About this update from Xxix Metal Corp.
[{"type":"text","content":"QC Copper Announces Private Placement with Quebec FundsToronto, Ontario--(Newsfile Corp. - March 27, 2023) - QC Copper and Gold Inc. ‎(TSXV: QCCU) (OTCQB: QCCUF) (\"QC Copper\" or the \"Company\") is pleased to announce that it intends to complete a non-brokered private placement offering of QC Copper (the \"Offered Shares\") at a price of $0.14 per Offering Share, for gross proceeds of up to $1,600,000 (the \"Private ‎Placement\"). ‎ This financing with is expected to be exclusive to strategic institutional Quebec funds who are long-term shareholders.QC Copper intends to complete the Private Placement using available prospectus exemptions under securities laws, including the accredited investor exemption. The closing of the Private Placement may be completed in one or more tranches. The net proceeds from the Private Placement will be used for exploration and development of QC Copper's Opemiska Copper Project in Chapais, Québec and for general working capital purposes. It is not anticipated that any new insiders will be created, nor that any change of control will occur, as a result of the Private Placement. Any participation by insiders of QC Copper in the Private Placement will be on the same terms as arm's-length investors. There is no minimum aggregate subscription amount for the Private Placement, but the completion of the Private Placement is subject to all regulatory approvals, including TSX Venture Exchange acceptance. Depending on market conditions, the gross proceeds of the Private Placement could be increased or decreased. All securities issued in connection with the Private Placement will be subject to a hold period of four months and one day from the date of closing.QC Copper and Gold Inc.‎Stephen Stewart, Chief Executive OfficerPhone: 416.644.1567‎Email: [email protected] the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.This news release contains certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. In particular, this news release contains forward-looking inform...