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Copper Quest to Raise CA$850,000 in Private Placement of Units

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Copper Quest (CQX.CN) said Wednesday that it plans to raise CA$850,000 through a private placement of 10.63 million units priced at CA$0.08 apiece.

Each unit consists of one share and one two-year warrant to buy a share at CA$0.13.

Proceeds will be used for exploration and general working purposes.

"We're grateful to have Concept Capital as a cornerstone investor into Copper Quest and thankful for their shared vision to grow shareholder value through the acquisition and advancement of multiple properties. This second strategic investment into Copper Quest adds another level of comfort for our shareholders through a strong treasury and working capital that allows the company to expand its planned exploration and drilling operations for the 2026/27 seasons," said Copper Quest Chief Executive Officer Brian Thurston.

Copper Quest shares closed down CA$0.005 at CA$0.085 on the Canadian Securities Exchange.

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