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Q-Gold Announces $10,000,000 Financing to complete acquisition of Quartz Mountain Gold project in Oregon, USA and advance Mine Centre Camp in Ontario, Canada
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About this update from Q-gold Resources Ltd
[{"type":"text","content":"Q-Gold Announces $10,000,000 Financing to complete acquisition of Quartz Mountain Gold project in Oregon, USA and advance Mine Centre Camp in Ontario, Canada\n\n\n\n\n NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES\n \n\n\n\n\n Highlights:\n \n\n\n\n\n Proceeds of financing to enable completion of previously announced acquisition of\n \n Quartz Mountain\n \n project, a transformational USA gold acquisition with district scale including the Crone Hill and Quartz Butte advanced projects, and the Angel’s Camp exploration upside\n \n\n\n Angel’s Camp\n \n boasts historical intercepts with high grade drill holes intersections of 160.5 g/t over 1.5m in QM 600 and 67.44 g/t over 4.18m in QM 403 (Alamos Gold Inc.: Quartz Mountain, October 2024)\n \n\n\n\n Proceeds to also enable advancement of past-producing\n \n Mine Centre\n \n gold camp, in Ontario, Canada\n \n\n\n Mine Centre\n \n historical drill intercepts of 11.39 g/t over 5.5m in hole QMG09-04, 16.69 g/t over 9.32 m in QMC09-05, and high-grade drill hole intercepts of 106.7 g/t over 0.23 m in Q BV-10-1and 53.47 g/t over 1.5 m in Q05-08. (\n \n NI 43-101, J. Arnold, June 2024\n \n )\n \n\n\n Targeting multiple high-grade zones with infrastructure in place and active drilling to establish an initial\n \n mineral resource\n \n .\n \n\n\n\n\n\n Proven and experienced mining team that have explored, permitted, engineered, developed and build successful mining projects.\n \n\n\n TORONTO, Aug. 29, 2025 (GLOBE NEWSWIRE) -- Q-Gold Resources Ltd. (TSXV: QGR) (“\n \n Q-Gold\n \n ” or the “\n \n Company\n \n ”) is pleased to announce that it has engaged BMO Capital Markets as sole agent (“Agent”) in connection with a \"best efforts\" private placement offering of up to 66,666,667 units of the Company (the “\n \n Units\n \n ”) at a price of $0.15 per Unit for aggregate gross proceeds to the Company of up to $10,000,000 (the \"\n \n Offering\n \n \"). Each Unit shall consist of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a “\n \n Warrant\n \n ”). Each Warrant shall entitle the holder to acquire one common share of the Company at a price of $0.20 for 24 months following issuance; provided, however, that if...