The mineral exploration company Québec Nickel Corp. (tickers: CSE: QNI, FSE: 7lB0, OTCQB: QNICF) announced that it has completed a previously disclosed financing. The transaction, initially announced on March 4, 2026 and closed on April 17, 2026, generated aggregate gross proceeds of $777,250. This statement summarizes the structure of the financing, how the funds will be applied, and the regulatory and contractual conditions attached to the securities issued. The description below preserves the precise figures and timing disclosed by the company while reframing the terms for clarity.
Table of Contents:
Deal summary and placement mechanics
The offering was executed as a non‑brokered private placement in which the company sold 3,109,000 units priced at $0.25 per unit. Each unit comprises one common share and one common share purchase warrant. The attached warrants are exercisable to acquire one additional common share at an exercise price of $0.40 per share and remain valid for a period of two years from issuance. For the purposes of clarity, the term unit in this release refers to the combined share plus warrant contract, while warrant denotes the derivative entitlement to purchase a share under the stated price and timeframe.
Exemptions and intermediary compensation
The issuance relied on standard prospectus exemptions under Canadian securities law, including the family, friends and business associates exemption, the accredited investor exemption, and equivalent provincial provisions. In connection with the placement, the company paid aggregate cash finder’s fees amounting to $23,900.00, consistent with the policies of the Canadian Securities Exchange and applicable securities legislation. No securities were issued as part of the finder’s compensation. These points underscore that the deal used private offering mechanics rather than a public prospectus route and involved modest intermediary cash fees.
Use of proceeds and trading restrictions
Net funds from the transaction are designated for general corporate working capital needs, specifically to advance the company’s ongoing exploration programs and to evaluate strategic opportunities as they arise. The company emphasizes that proceeds will support near‑term operational requirements and project assessment work. All securities issued in this financing are subject to a statutory hold period under Canadian securities laws, which expires four months and one day after the date of issuance. This statutory hold period limits immediate resale of the issued securities and is typical for private placements to ensure compliance with resale restrictions.
Regulatory acceptance and exchange disclaimers
The offering remains subject to final acceptance by the Canadian Securities Exchange. The CSE has explicitly neither approved nor disapproved the content of the company’s release, and neither the exchange nor its market regulator accepts responsibility for the adequacy or accuracy of the announcement. These disclaimers reflect standard regulatory language that separates issuer disclosures from exchange endorsement and confirm that final listing or acceptance formalities are outstanding at the time of the closing announcement.
Company profile and forward‑looking statements
Québec Nickel Corp. is a North American mineral exploration enterprise focused on acquiring, exploring, and developing projects that host critical metals, including Au, Ni, Cu, Co, and PGE. Additional corporate information is available at the company’s website: www.quebecnickel.com. The release also contains customary cautionary language regarding forward‑looking statements. Such statements—identified by terms like “expects”, “anticipates” or “intends”—involve risks and uncertainties that could cause actual results to differ materially from the company’s predictions, including market prices, access to capital, and broader economic conditions. The company has stated it will not update these statements except as required by applicable securities laws.
Investors and stakeholders reading this summary should note the potential for dilution if the issued warrants are exercised within their two‑year life at the $0.40 strike price. The combination of the cash raised, the 3,109,000 warrants outstanding, and the $23,900 in cash finder fees gives a complete picture of the near‑term capital structure impact. Together, these elements frame the company’s immediate financing posture and funding runway while preserving regulatory safeguards and investor disclosure obligations.