QC Copper and Gold Inc. announced a non-brokered private placement of 11,428,571 shares at a price of CAD 0.14 per share for gross proceeds of CAD 1,600,000 on March 27, 2023. This financing with is expected to be exclusive to strategic institutional Quebec funds who are long-term shareholders. The closing of the transaction maybe completed in one or more tranches.

The closing of the offering will be subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the TSX Venture Exchange. The offering will have a hold period ending on the day that is four months and one day following its distribution date.