Business
GoldQuest Closes Second Tranche of Private Placement for Gross Proceeds of Approximately C$8.7 Million
Vancouver, British Columbia--(Newsfile Corp. - January 9, 2026) - GoldQuest Mining Corp. (TSXV: GQC) (OTCQX: GDQMF) ("GoldQuest" or the "Company") is pleased to announce the closing of the second tranche (the "Second Tranche") of its previously announced non-brokered private placement (the "Private Placement") of units of the Company (the "Units"), originally announced on December 16, 2025. The first tranche of the Private Placement (the "First Tranche") closed on December 23, 2025.Under the...
About this update from Goldquest Mining Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - January 9, 2026) - GoldQuest Mining Corp. (TSXV: GQC) (OTCQX: GDQMF) ("GoldQuest" or the "Company") is pleased to announce the closing of the second tranche (the "Second Tranche") of its previously announced non-brokered private placement (the "Private Placement") of units of the Company (the "Units"), originally announced on December 16, 2025. The first tranche of the Private Placement (the "First Tranche") closed on December 23, 2025.","length":547,"tagName":"p"},{"type":"text","content":"Under the Second Tranche, the Company issued 7,172,813 Units at a price of C$1.21 per Unit, for total gross proceeds of approximately C$8.7 million.","length":148,"tagName":"p"},{"type":"text","content":"Each Unit is 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 C$1.80 per Common Share for a period of 24 months from the applicable closing date of the Private Placement.","length":376,"tagName":"p"},{"type":"text","content":"Combined with the First Tranche, the Company has issued a total of 31,966,201 Units under the Private Placement, for gross proceeds of approximately C$40 million.","length":162,"tagName":"p"},{"type":"text","content":"In connection with the Second Tranche, the Company paid a cash finder's fee of C$305,579.45 to Paradigm Capital Inc., an arm's length party.","length":148,"tagName":"p"},{"type":"text","content":"All Common Shares and Warrants issued pursuant to the Private Placement are subject to a four-month statutory hold period under applicable Canadian securities laws.","length":164,"tagName":"p"},{"type":"text","content":"The Company expects to close the third and final tranche of the Private Placement (the "Final Tranche") of up to C$3,320,896 early next week.","length":151,"tagName":"p"},{"type":"text","content":"The Company expects to use the proceeds of the Private Placement for early development activities at the Romero project, expansion of greenfield exploration drilling, and general corporate purposes.","length":198,"tagName":"p"},{"type":"text","content":"Insider Participation and MI...