Copper Quest completes final tranche of flow-through private placement

Copper Quest Exploration Inc. (CSE: CQX) completed the second and final tranche of its flow-through private placement, raising $110,155.16 in gross proceeds.

The Vancouver-based company issued 579,764 flow-through shares at $0.19 per share, according to a statement from the company. The funds will be used for exploration programs qualifying as Canadian exploration expenses under Canada's Income Tax Act in connection with Copper Quest's British Columbia projects.

In connection with the private placement, Copper Quest paid cash finder's fees totaling $2,770.20 and issued 14,580 finder's warrants. The warrants allow holders to purchase one common share at $0.19 until December 24, 2027.

All securities issued in the private placement are subject to a four-month statutory hold period expiring April 25, 2026.

Copper Quest operates six projects spanning more than 40,000 hectares in North America, including the Stars Property, a porphyry copper-molybdenum discovery covering 9,693 hectares in British Columbia's Bulkley Porphyry Belt. The company also holds the Stellar Property, Rip Project, Nekash Copper-Gold Project in Idaho, Thane Project, and the Alpine Gold Mine property.

The company's shares trade on the Canadian Securities Exchange under the symbol CQX and on the Frankfurt Stock Exchange as 3MX.

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