QC Copper and Gold Inc. announced a best-efforts basis private placement of 6,700,000 flow-through shares at an issue price of CAD 0.60 per share for gross proceeds of CAD 4,020,000 on October 6, 2021. The transaction is expected to close on or about October 27, 2021, or such other date as the company and the agents may agree and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the acceptance of the TSX Venture Exchange. The securities issued are subjected to four months hold period. The agents will have the option, exercisable in whole or in part at any time up to 48 hours prior to the closing of the transaction to arrange for the sale of up to an additional 1,005,000 shares.