QcX Gold Corp. announced a non-brokered private placement to issue 10,000,000 flow-through units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 500,000 and non flow-through units at an issue price of CAD 0.05 per unit for the aggregate gross proceeds of CAD 500,000 on August 8, 2023. Each FT Unit is comprised of one common share and one-half of one common share purchase warrant, each full common share purchase warrant, entitles the holder to acquire one additional common share, to be issued on a non-flow-through basis, at an exercise price of CAD 0.10 for a period of twenty-four months from the date of issuance.

Each NFT Unit will consist of one common share and one common share purchase warrant, entitling the holder to purchase one additional Warrant Share at a price of CAD 0.10 per Warrant Share for a period of twenty-four months following the Closing. The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the final approval of the TSX Venture Exchange.