QC Copper Closes First Tranche of Non- Brokered Private Placement with Quebec Based Funds
QC Copper Closes First Tranche of Non-
Brokered Private Placement with Quebec
Based Funds
Toronto, Ontario--(Newsfile Corp. - April 13, 2023) - QC Copper and Gold Inc. (TSXV: QCCU) (OTCQB:
QCCUF) ("QC Copper" or the "Company") is pleased to announce the closing of a first tranche of a non-
brokered private placement (the "Offering"). Under the first tranche, the company sold an aggregate of
9,142,428 common shares (the "Offered Shares") at a price of C$0.14 per Offered Share for aggregate
gross proceeds of C$1,279,939.92. The net proceeds from the Offering will be used for the exploration
and development of QC Copper's Opemiska Copper Project in Chapais, Québec and for general
working capital purposes. The Company plans to close a second and final tranche in the near term.
All securities issued and sold pursuant to the Offering were issued pursuant to exemptions from
prospectus requirements and will be subject to a four-month-and-one-day hold period in accordance with
applicable Canadian securities laws. No new insiders were created as a result of the Offering. Closing
of the Offering is subject to all necessary regulatory approvals including final approval from the TSX
Venture Exchange.
The Offered Shares have not been, and will not be, registered under the U.S. Securities Act of 1933, as
amended (the "
U.S. Securities Act
") or any U.S. state securities laws, and may not be offered or sold in
the United States or to, or for the account or benefit of, United States persons absent registration or any
applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S.
state securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to
buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in
which such offer, solicitation or sale would be unlawful.
About the Opemiska Copper Complex
The Opemiska Copper Complex is located adjacent to Chapais, Quebec, within the Chibougamau
district. Opemiska is also within the Abitibi Greenstone belt and within the boundaries of the Province of
Quebec's Plan Nord, which promotes and funds infrastructure and development of natural resource
projects. The Opemiska property covers 12,782 hectares and covers the past producing Springer,
Perry, Robitaille and Cooke mines, previously-owned and operated by Falconbridge between 1953-
1991. The project hosts excellent on-site infrastructure, including a power station and direct access to
Highway 113 and the Canadian National Railway.
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Stephen Stewart, Chief Executive Officer
Phone:
416.644.1567
Email:
www.qccopper.com
Forward-Looking Statements
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the TSX Venture Exchange policies) accept responsibility for the adequacy or accuracy of this
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 information in relation to:
the Offering, including the potential use of proceeds of the Offering, including QC Copper's Opemiska
Copper Project in Chapais, Québec. There can be no assurance that such information will prove to be
accurate, and actual results and future events could differ materially from those anticipated in such
information. This forward-looking information reflects the Company's current beliefs and is based on
information currently available to the Company and on assumptions the Company believes are
reasonable. Forward-looking information is subject to known and unknown risks, uncertainties and other
factors which may cause the actual results, level of activity, performance or achievements of the
Company to be materially different from those expressed or implied by such forward-looking information.
A description of risk factors which may cause actual results to differ materially from forward-looking
information can be found in the Company's disclosure documents on the SEDAR website at
www.sedar.com
. Although the Company has attempted to identify important factors that could cause
actual results to differ materially from those contained in forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should
not place undue reliance on forward-looking information. the Company does not undertake to update any
forward-looking information except in accordance with applicable securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/162297