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Queen's Road Capital Announces Completion of Los Andes Investment

03.06.2021  |  Newsfile

Hong Kong, June 3, 2021 - Queen's Road Capital Investment Ltd. (TSXV: QRC) (the "Company" or "Queen's Road Capital") is pleased to announce that it has completed its previously-announced US$5,000,000 investment in Los Andes Copper Ltd. ("Los Andes").

Queen's Road Capital now holds US$5,000,000 aggregate principal amount of unsecured convertible debentures. The debentures have a 5-year term and carry an 8.0% annual coupon, payable quarterly. The debentures are convertible at the Company's option into common shares of Los Andes at a conversion price of C$10.82 per share.

Since its creation in January 2020, Queen's Road Capital has invested over US$60 million in resource companies, including US$30 million in NexGen Energy Ltd., US$20 million in Adriatic Metals Plc, US$6 million in IsoEnergy Ltd. and US$5 million in Los Andes Copper Ltd. With the completion of this investment, Queen's Road Capital continues to be well funded with no debt, a portfolio of income generating convertible debentures and an equity portfolio with a market value which exceeds US$60 million.

Commenting on the completion of Queen's Road Capital's latest investment, Warren Gilman, Chairman & CEO, stated: "We are delighted to further diversify our exposure to the highest quality orebodies to now include copper in addition to our existing uranium and silver investments. It is fitting that our latest investment is announced at the same time that our largest investment, NexGen Energy Ltd., has reached new record highs of over C$6.00/share. Queen's Road Capital's investment portfolio has generated substantial unrealized gains since our establishment last year and we will continue to build on these successes."

Queen's Road Capital is a leading financier to the global resource sector. The Company is a resource focused investment company, making investments in privately held and publicly traded resource companies. The Company acquires and holds securities for long-term capital appreciation, with a focus on convertible debt securities and resource projects in advanced development or production located in politically safe jurisdictions.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION, visit the Company's website at or contact by email or phone +852 2759 2022

Caution Regarding Forward Looking Statements

Certain statements in this News Release, which are not historical in nature, constitute "forward looking statements" within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning the Company's growth strategy and the Company's future performance. These statements reflect management's current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, inability to identify or successfully conclude corporate transactions, and other relevant conversion factors, permitting and licensing risks; and general market and mining exploration risks. Forward-looking statements should not be construed as investment advice. Readers should perform a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward-looking statements to reflect events or changes in circumstances that occur after the date hereof.

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