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QcX Gold to settle $272K debt by issuing over 1 million shares, pending regulatory approval.

Company Fundamentals
03 Jul 2026
Newsfile Corp
View Source
Neutral
pluang ai news

QcX Gold Corp. plans to settle $272,088.34 of its debt by issuing 1,060,358 common shares at $0.2566 each to creditors, including insiders. This debt settlement requires regulatory approvals, including from the TSX Venture Exchange, and the shares will be subject to a four-month hold period. The transaction is classified as a related party deal but is exempt from certain approval requirements due to the company's market status and transaction size. QcX Gold continues its exploration activities in Quebec, focusing on promising gold and VMS mineral properties near recent major discoveries.

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