IMIMF - Copper Quest Completes Change of Name with New Symbol CQX
(TheNewswire)
March 3, 2025 – TheNewswire- VANCOUVER, British Columbia – Copper Quest Exploration Inc. (CSE: CQX ; OTCQB: IMIMF ; FRA: 3MX ) (“ Copper Quest ” or the “ Company ”) ispleased to announce that it has completed its change of name fromInterra Copper Corp. to Copper Quest. Effective at market opening onMonday, March 3, 2025, the Company’s common shares will commencetrading under the new name and ticker symbol CQX on the CanadianSecurities Exchange.
The Company’s new website can be accessed at https://copper.quest
As disclosed in the Company’s news release ofFebruary 26, 2025, certificates representing common shares of theCompany are not affected by the name change and shareholders will notbe required to exchange their shares or take any other action.Shareholders holding share certificates of the Company can request areplacement certificate; however, new certificates are not requiredand will not be automatically issued.
Brian Thurston, CEO of Copper Quest, comments: “Thepast eight months have been a seminal period for the Company. We havebuilt new management and technical teams, revitalized our board ofdirectors, and implemented strong corporate governance. The rebrand toCopper Quest marks the culmination of our corporate restructuring, andunder the new name we are now deploying our full efforts to thebusiness of planning and executing critical mineral exploration anddevelopment on our portfolio of properties. Copper Quest is in aunique position with approximately 55% of the issued shares held bymanagement, directors, advisors, and a few strategic investors and weare eager to advance our 2025 objectives and build upon the foundationwe’ve laid."
Shares for Debt
The Company also announces thatit has entered into a debt settlement agreement (the “ Settlement Agreement ”) to settle an outstanding debt in the amount of $20,000owing to a certain arm’s-length creditor for consulting servicesprovided to the Company.
Pursuant to the Settlement Agreement, the Company hasagreed to issue an aggregate of 200,000 common shares (the“ Shares ”) at a deemed price of $0.10 per Share to the Creditor(the “ DebtSettlement ”). Subject to the receipt of allrequired approvals, including the acceptance by the Canadian Securities Exchange , theCompany anticipates closing the Debt Settlement on or about March 10,2025. The board of directors of the Company has determined that it isin the best interests of the Company to settle the outstanding debt bythe issuance of the Shares in order to preserve the Company's cash forworking capital. All securities to be issued pursuant to the DebtSettlement will be subject to a statutory hold period of four monthsin accordance with applicable securities legislation.
The securities described herein have not been, and willnot be, registered under the United States Securities Act of 1933, asamended (the “ U.S.Securities Act ”), or any state securitieslaws, and may not be offered or sold within the United States exceptin compliance with the registration requirements of the U.S.Securities Act and applicable state securities laws or pursuant toavailable exemptions therefrom. This release does not constitute anoffer to sell or a solicitation of an offer to buy any securities inthe United States.
About Copper Quest
Copper Quest is focused on building shareholder valuethrough the exploration and development of its North American CriticalMineral portfolio of assets. The Company's land package currentlycomprises four projects that span over 40,000+ hectares in greatmining jurisdictions.
Copper Quest has a 100% interest in the Stars Property,a porphyry copper-molybdenum discovery, covering 9,693 hectares incentral British Columbia’s Bulkley Porphyry Belt. Contiguous to theStars Property Copper Quest has a 100% interest in the 5,389 hectareStellar Property, and an earn-in option for up to an 80% joint-ventureagreement on the 4,700 hectare porphyry copper-molybdenum Rip Project,both in the Bulkley Porphyry Belt.
Copper Quest has a 100% interest in the Thane Projectlocated in the Quesnel Terrane of Northern BC which spans over 20,658hectares with 10 targets identified demonstrating significant copperand precious metal mineralization potential.
Copper Quest’s leadership and advisory teams arecomprised of senior mining industry executives who have a wealth oftechnical and capital markets experience with a strong track record ofdiscovering, financing, developing, and operating mining projects on aglobal scale. Copper Quest is committed to sustainable and responsiblebusiness activities in line with industry best practices, supportiveof all stakeholders, including the local communities in which itoperates. The Company’s common shares are principally listed on theCanadian Securities Exchange under the symbol “CQX”.
For more information on Copper Quest, please visit theCompany’s website at Copper.Quest
On behalf of the Board of CopperQuest Exploration Inc.
Brian Thurston, P.Geo.
Chief Executive Officer and Director
Tel: 778-949-1829
For further informationcontact:
Kelly Abbott
Investor Relations
Forward Looking Information
This news release contains certain “forward-lookinginformation” and “forward-looking statements” (collectively,“ forward-lookingstatements ”) within the meaning of applicablesecurities legislation. All statements, other than statements ofhistorical fact included herein, including without limitation,statements relating the future operations and activities of CopperQuest, are forward-looking statements. Forward-looking statements arefrequently, but not always, identified by words such as “expects”,“anticipates”, “believes”, “intends”, “estimates”,“potential”, “possible”, and similar expressions, orstatements that events, conditions, or results “will”, “may”,“could”, or “should” occur or be achieved. Forward-lookingstatements in this news release relate to, among other things,statements in respect of the trading of the Company’s common sharesunder the new name and symbol at market open on the date hereof,exploration programs and development of the Company’s properties,and completion of the Debt Settlement, including the receipt ofrequired approvals thereof. There can be no assurance that suchstatements will prove to be accurate, and actual results and futureevents could differ materially from those anticipated in suchstatements. Forward-looking statements reflect the beliefs, opinionsand projections on the date the statements are made and are based upona number of assumptions and estimates that, while consideredreasonable by Copper Quest, are inherently subject to significantbusiness, economic, competitive, political and social uncertaintiesand contingencies. Many factors, both known and unknown, could causeactual results, performance or achievements to be materially differentfrom the results, performance or achievements that are or may beexpressed or implied by such forward-looking statements and theparties have made assumptions and estimates based on or related tomany of these factors. Such factors include, without limitation, theability to complete proposed exploration work, the results ofexploration, continued availability of capital, changes in generaleconomic, market and business conditions, and the ability of theCompany to obtain the approvals necessary to complete the DebtSettlement. Readers should not place undue reliance on theforward-looking statements and information contained in this newsrelease concerning these items. The Company does not assume anyobligation to update the forward-looking statements of beliefs,opinions, projections, or other factors, should they change, except asrequired by applicable securities laws.
The Canadian Securities Exchange has not reviewed,approved or disapproved the contents of this press release, and doesnot accept responsibility for the adequacy or accuracy of thisrelease.
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