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Q-Gold Announces Private Placement Financing Fully Allocated; Update on Quartz Mountain Transaction
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES ...
About this update from Q-gold Resources Ltd
[{"type":"text","content":"Q-Gold Announces Private Placement Financing Fully Allocated; Update on Quartz Mountain Transaction\n\n\n\n\n NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES\n \n\n\n TORONTO, Sept. 19, 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 BMO Nesbitt Burns Inc., the agent engaged to assist the Company with its previously announced offering of up to 66,666,667 units (the “\n \n Offering\n \n ”) on a “best efforts” basis, has confirmed that the Offering is fully allocated. For more information about the Offering, please see the Company’s press release dated August 29, 2025, a copy of which is available under the Company’s profile at\n \n www.sedarplus.ca\n \n .\n \n\n Peter Tagliamonte, chief executive officer and president of the Company, commented: “We are very pleased with the strong response to our financing, which has been fully allocated. We believe that the support from new potential investors is a strong endorsement of our projects and strategy. We look forward to completing the closing in the coming weeks and putting this capital to work to advance our exploration and development plans.”\n \n\n Completion of the Offering remains subject to a number of customary closing conditions, including receipt of approval of the TSXV, execution of subscription agreements and an agency agreement, and delivery of title opinions.\n \n\n In addition, the Company announces today that following discussions with the TSX Venture Exchange it has entered into an amendment dated September 19, 2025 (the “\n \n Amendment\n \n ”), to the share exchange agreement entered into by the Company with 0975828 B.C. Ltd., and Alamos Gold Inc. (“\n \n Alamos\n \n ”) effective March 31, 2025, respecting the purchase of a later stage mineral exploration project located in south-central Oregon (the “\n \n Acquisition\n \n ”). For more information about the Acquisition, please see the Company’s press release dated April 3, 2025, a copy of which is also available under the Company’s SEDAR+ profile at www.sedarplus.ca.\n \n\n Pursuant to the Amendment, the parties agreed that the threshold at wh...