Copper Quest Exploration Inc. announced a non-brokered, bought deal, private placement by issuing 15,000,000 units of the company at a price per unit of CAD 0.13 for gross proceeds of CAD 1,950,000 on January 26, 2026. The transaction involves participation from new and strategic international investor Concept Capital Management Ltd. Each Unit consists of one common share in the capital of the Company and one Share purchase warrant, whereby each Share purchase warrant shall be convertible into an additional Share at an exercise price of CAD 0.165 per Warrant Share. Each Warrant shall expire on the date that is two years following the date of issuance.
The Expiry Date of the Warrants may be accelerated if the closing price of the Shares on any Canadian stock exchange equals or exceeds CAD 0.50 for ten consecutive trading days at any time following the date that is four months and one day after the date of issue of the Warrants, such that the Warrants shall expire on the date which is 30 calendar days following the date a news release is issued by the Company announcing the accelerated expiry date of the Warrants. Copper Quest may pay finder?s fees in connection with the Private Placement. Closing of the Private Placement is subject to the receipt of all necessary regulatory and other approvals and is expected to take place on or before February 4, 2026.
