- Q-Gold Resources Limited (QGR) announced a non-brokered private placement for gross proceeds of up to $1,000,000
- The company will issue up to 20,000,000 units at C$0.05 per unit
- The net proceeds will be used to fund exploration work at the Surupana Property, for general corporate and working capital purposes
- Q-Gold Resources is a Canada-based mineral exploration company targeting high-grade gold and silver discoveries in multiple jurisdictions
- Q-Gold Resources Ltd. opened trading at $0.055 per share
Q-Gold Resources Limited (QGR) has announced a non-brokered private placement financing for gross proceeds of up to $1,000,000.
The company will offer up to 20,000,000 units priced at C$0.05 per unit. Each unit will consist of one common share and one-half of a share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share at an exercise price of C$0.07 for 24 months following the closing date of the offering.
The offering is expected to close on or before October 1, 2022 and is subject to customary closing conditions, including approval from the TSX Venture exchange.
The company intends to use the proceeds of the offering to fund the exploration work at the Surupana Property, as well as for general corporate and working capital purposes.
Q-Gold Resources is a Canada-based mineral exploration company targeting high-grade gold and silver discoveries in multiple jurisdictions.
Q-Gold Resources Ltd. opened trading at $0.055 per share.