- Q-Gold Resources (QGR) is launching a non-brokered flow-through private placement for gross proceeds of up to $1,000,000
- The company will issue up to of 9,090,910 flow-through units priced at $0.11 per unit
- The offering is expected to close on or before January 1, 2022
- Q-Gold Resources Ltd is a mineral exploration company
- Q-Gold Resources Ltd. (QGR) opened trading at C$0.105 per share
Q-Gold Resources (QGR) has announced a non-brokered flow-through private placement for gross proceeds of up to $1,000,000.
The company will issue up to 9,090,910 flow-through units priced at $0.11 per unit.
Each flow-through unit will consist of one flow-through common share and one-half non-flow-through share purchase warrant. Each whole warrant will entitle the holder to acquire one common share at an exercise price of $0.20 for a period of 24 months following the closing of the offering.
The offering is expected to close on or before January 1, 2022, and is subject to approval from the TSX Venture exchange.
Proceeds will be used for mineral exploration activities on Q-Gold’s properties in the Mine Centre region.
The securities issued will be subject to a statutory four-month hold period.
Q-Gold Resources is a Canadian-based mineral exploration company targeting high-grade gold and silver discoveries in multiple jurisdictions. Q-Gold is currently exploring for gold at the past-producing Foley Gold Mine in Mine Centre, Ontario and for silver at the Surupana Property in the silver-rich altiplano region of Peru.
Q-Gold Resources Ltd. (QGR) opened trading at C$0.105 per share.