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QC Copper and Gold Inc QCCUF


Primary Symbol: V.QCCU

QC Copper and Gold Inc. is engaged in the exploration, development and production of exploration and evaluation assets in Canada. It is focused on developing copper projects in the Chapais-Chibougamau region. The Company’s projects include Opemiska Copper-Gold Property and Roger. The Company's Opemiska Copper-Gold Property is located immediately adjacent to the Town of Chapais and is road accessible with the paved Quebec Highway 113 transecting the Property. The Property is located 40 kilometers (km) west of the Town of Chibougamau and 480 km north of the City of Montreal, Quebec. The Roger project is located approximately five kilometers northwest of Chibougamau, which covers an area of approximately 987-hectares. The Company also owns a 10% interest in the Thierry Copper Mine. Thierry spans 4,670 hectares across 27 mineral leases. The property hosts two past producing open pits that transitioned to underground mining.


TSXV:QCCU - Post by User

Comment by jpinkmanon Oct 08, 2021 9:56am
195 Views
Post# 33988083

RE:a "best efforts" private placement offering of 6,700,000-0.6

RE:a "best efforts" private placement offering of 6,700,000-0.6
"GUESS" you forgot "THIS" part! lol

TORONTO, Oct. 6, 2021 /CNW/ - QC Copper and Gold Inc. ("QC Copper" or the "Company") (TSXV: QCCU) is pleased to announce that due to strong investor demand it has amended the terms of its previously announced "best efforts" private placement financing to increase the size of the offering. The Company has entered into an amending agreement with Cormark Securities Inc. ("Cormark"), on behalf of a syndicate of agents (collectively, the "Agents"), pursuant to which the Agents have agreed to act as agents in connection with a "best efforts" private placement offering of 10,100,000 common shares in the capital of the Company that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Qubec)) (the "FT Shares") at a price of $0.60 per FT Share (the "Issue Price") for gross proceeds of $6,060,000 (the "Offering").
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