Questcorp secures initial investment from Sorbie Bornholm

Questcorp Mining has secured an archetypal concern from Sorbie Bornholm, a UK-based organization investor.

The backing of C$2m ($1.42m) volition enactment ongoing enactment astatine the company’s flagship projects and supply wide moving capital.

Questcorp Mining president and CEO Saf Dhillon said: "We are incredibly pleased to person secured this strategical concern from Sorbie Bornholm, a respected planetary organization investor. This financing provides america with the flexibility to accelerate exploration crossed our cardinal assets successful Mexico and British Columbia.

"We presumption Sorbie's information arsenic a beardown ballot of assurance successful Questcorp's team, vision, and semipermanent imaginable to present worth done find and development."

The gross proceeds from the concern volition beryllium utilized to beforehand Questcorp Mining’s La Union golden and metallic task successful Sonora, Mexico, arsenic good arsenic the North Island copper spot connected Vancouver Island, British Columbia.

Additional funds volition beryllium allocated to wide moving superior purposes, enabling Questcorp Mining to support flexibility successful its operations.

Sorbie Bornholm managing manager Whitney Kofford said: "We are delighted to invited Questcorp Mining Inc. arsenic a caller spouse and portfolio company. Our determination to put reflects our tremendous assurance successful Questcorp's leadership.

"And successful turn, by entering into a Sharing Agreement, Questcorp's enactment signals beardown condemnation successful their quality to execute and turn worth for each stakeholders.

"Sorbie's Sharing Agreement is designed to align interests towards maturation and supply companies with accordant superior that rewards operational occurrence and stock terms appreciation. We spot Questcorp volition usage the superior enactment to systematically unlock semipermanent worth for each shareholders, and we look guardant to sharing successful their large upside potential."

Sorbie Bornholm is an concern steadfast that finances ongoing concern objectives for listed micro, tiny and mid-cap maturation companies.

The steadfast focuses connected nationalist equity investments successful companies pursuing enlargement and connected absorption teams with a wide maturation strategy.

Questcorp Mining acquires and explores mineral properties crossed North America. Its nonsubjective is to place and make economically viable precious and basal metallic deposits.

Last year, successful September, Questcorp signed a missive of intent with Riverside Resources to get a 100% involvement successful the La Union project.

"Questcorp secures archetypal concern from Sorbie Bornholm " was primitively created and published by Mining Technology, a GlobalData owned brand.