QcX Gold Corp. announced a non-brokered private placement of 3,733,333 flow-through units at a price of CAD 0.15 per unit for gross proceeds of CAD 560,000 on September 17, 2021. Each unit is comprised of one flow-through common share in the capital of the company and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to acquire one additional common share of the company, to be issued on a non flow-through basis, at an exercise price of CAD 0.2 for a period of twenty-four months from the date of issuance. In connection with the transaction, the company paid certain eligible persons a cash commission in the aggregate of CAD 20,999.97 and an aggregate of 139,999 broker warrants. Each broker warrant entitles the holder thereof to acquire one common share at an exercise price of CAD 0.2 for a period of twenty-four months from the date of issuance. In addition, the company will also issue an aggregate of 1,300,000 options to purchase common shares, exercisable at a price of CAD 0.15 per share for a period of five years from the date of grant, to certain consultants of the company. The common shares issuable upon exercise of the options are subject to a statutory hold period of four months and one day from the original date of grant. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from two placees.