Business
GoldQuest Announces C$30 Million Private Placement
Vancouver, British Columbia--(Newsfile Corp. - December 16, 2025) - GoldQuest Mining Corp. (TSXV:...
About this update from Goldquest Mining Corp.
[{"type":"text","content":"GoldQuest Announces C$30 Million Private PlacementVancouver, British Columbia--(Newsfile Corp. - December 16, 2025) - GoldQuest Mining Corp. (TSXV: GQC) (OTCQX: GDQMF) (\"GoldQuest\" or the \"Company\") is pleased to announce that it intends to offer, on a non-brokered private placement basis, up to 24,793,399 units of the Company (the \"Units\") at a price of $1.21 per Unit, for aggregate gross proceeds of up to approximately $30 million (the \"Private Placement\"). There is no minimum offering amount.Luis Santana, Chief Executive Officer of GoldQuest, commented:\"This financing strengthens our balance sheet and provides the Company with the flexibility to advance exploration and early development activities in the Dominican Republic. We are particularly encouraged by the participation of a new institutional investor, alongside continued support from established Dominican institutional investors. Their involvement reflects long-term alignment with GoldQuest's strategy and confidence in the quality of our assets and our disciplined approach to advancing the project.\"\"The participation of one of the largest Dominican institutional investors, together with continued support from existing local institutional investors, represents an important strategic element of this financing. These investors have a long-standing presence in the Dominican financial market and bring long-term capital, local market knowledge, and a strong understanding of the Dominican Republic's regulatory and operating environment. Their continued participation supports the Company's long-term strategic objectives and contributes to a stable and well-aligned shareholder base as GoldQuest advances exploration and development activities in the Dominican Republic.\" Each Unit will be comprised of one common share of the Company (a \"Common Share\") and one-half of one Common Share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant will be exercisable to purchase one Common Share at an exercise price of $1.80 per Common Share for a period of 24 months from the closing date of the Private Placement.The Private Placement is expected to close on or before December 19, 2025, subject to the completion of formal documentation and receipt of all necessary regulatory approvals, including approval of the TSX Venture Exchange.The Company expects to use the pr...