- Q-Gold Resources Ltd (QGR) is initiating a non-brokered private placement of up to $500,000
- The offering is expected to close on or before September 3, 2021, and is pending approval from the TSX Venture exchange
- Proceeds will be used to fund the exploration work at the Surupana Property
- Q-Gold announces that the letter of intent with Quantum Energy and Gas, LLC has been terminated and no definitive agreement was entered into
- Q-Gold Resources is a Canadian-based mineral exploration company targeting high-grade gold and silver discoveries in multiple jurisdictions
- Q-Gold Resources Ltd. (QGR) opened trading at C$0.14 per share
Q-Gold Resources Ltd (QGR) is initiating a non-brokered private placement of up to $500,000.
The offering will consist of up to 3,333,334 units priced at $0.15 per unit.
Each unit will consist of one common share and a share purchase warrant. Each warrant will be exercisable for one common share at a price of C$0.20 for a period of 18 months following the closing date of the offering.
The offering is expected to close on or before September 3, 2021, and is pending approval from the TSX Venture exchange.
Proceeds will be used to fund the exploration work at the Surupana Property, as well as for general corporate and working capital purposes.
Termination of LOI and private placement
Q-Gold announces that the letter of intent with Quantum Energy and Gas, LLC has terminated in accordance with its terms as the company and Quantum did not enter into a definitive agreement by the specified termination date.
Q-Gold has decided to terminate the proposed C$500,000 private placement.
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 and for silver at the Surupana Property in the silver-rich altiplano region of Peru.
Q-Gold Resources Ltd. (QGR) opened trading at C$0.14 per share.