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MetalQuest Mining Announces Second and Final Tranche Closing
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About this update from Metalquest Mining Inc
[{"type":"text","content":"MetalQuest Mining Announces Second and Final Tranche Closing\n(TheNewswire)\n\n \n\n \n\n\n\"Not for distribution to United\nStates newswire services or \n\n\nfor dissemination in the United\nStates.\"\n\n\n \n\n\nJanuary 9, 2026 -Vancouver,\nBC – TheNewswire -\nMetalQuest Mining Inc. (TSX.V: MQM; OTCQB: MQMIF) (“MQM” or\n“Company”) is pleased to announce that it\nhas closed the second and final tranche of a non-brokered private\nplacement financing (the “Offering”) by issuing 1,963,760\nnon-flow-through units (“NFT Units”) at a price of $0.17 per NFT\nUnit for gross proceeds in the second tranche of $333,839.20 and an\naggregate of $1,966,780.20 in all tranches (Please see first tranche\nclosing news release of December 30, 2025).\n\n\n \n\n\nChairman and CEO Harry Barr\nstated, “We are pleased to announce the\nsuccessful completion of the Company’s Offering raising an aggregate\nof $1,966,780.20 in all tranches. We received demand in excess of the\namount raised. While we appreciate the strong investor interest, we\nelected not to increase the financing—doing so would have introduced\nunnecessary dilution at a pivotal stage in the Company’s growth\ntrajectory”\n\n\n \n\n\nThe NFT Units are comprised of one common share of the\nCompany and one-half of one share purchase warrant.  Each whole\nwarrant will entitle the holder thereof to purchase one additional\ncommon share of the Company at an exercise price of $0.40 per share,\nfor a period of two years from closing. The Company did not pay any\nfinder fees in connection with the second and final tranche\nclosing.\n\n\n \n\n\nThe Offering is subject to\nTSX Venture Exchange (“Exchange”)\napproval. All securities\nissued in connection with the final tranche closing are subject to a\nminimum four-month and a day hold period expiring May 10, 2026 in\naccordance with applicable Canadian Securities laws. Proceeds of the NFT Unit Offering will be used for general\nworking capital and exploration.\n\n\n \n\n\nAn existing insider and an existing control person of\nthe Company purchased an aggregate of 87,875 NFT Units of the\nOffering, which is considered a related party transaction within the\nmeaning of Multilateral Instrument 61-101\n...