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Source: Q-Gold Resources Ltd.
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  • Q-Gold Resources (QGR) has closed the first tranche of its non-brokered financing for gross proceeds of C$250,000
  • Q-Gold issued 1,666,667 units at a price of C$0.15 per unit
  • All securities issued under the first tranche are subject to a hold period ending on January 29, 2022
  • 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$0.095 per share

Q-Gold Resources Ltd (QGR) has closed the first tranche of its non-brokered financing for gross proceeds of C$250,000.

Proceeds from the previously announced placement will fund exploration work at the Surupana Property, as well as provide general corporate and working capital.

Q-Gold issued 1,666,667 units at a price of C$0.15 per unit. Each unit consists of one common share and one share purchase warrant. Each warrant will entitle the holder to acquire one common share at a price of C$0.20 for a period of 18 months following the closing date of the first tranche.

All securities issued under the first tranche are subject to a hold period ending on January 29, 2022.

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$0.095 per share.

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