Business
Q-Gold Provides Update on Fully Subscribed Private Placement Financing
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 Provides Update on Fully Subscribed Private Placement Financing\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. 24, 2025 (GLOBE NEWSWIRE) -- Q-Gold Resources Ltd. (TSXV: QGR) (“\n \n Q-Gold\n \n ” or the “\n \n Company\n \n ”) announces today that the TSX Venture Exchange (the “\n \n TSXV\n \n ”) has conditionally approved:\n \n\n\n an issuance by the Company of up to 76,700,000 units of the Company (the “\n \n Units\n \n ”) (including the Agent’s Over-Allotment Option, as each such term is defined below) at a price of C$0.15 per Unit for aggregate gross proceeds to the Company of up to C$11,500,000 (the \"\n \n Offering\n \n \"); and\n \n\n a purchase by the Q-Gold of the advanced stage gold mineral exploration project (the “\n \n Quartz Mountain Project\n \n ”) located in south-central Oregon pursuant to a share exchange agreement (the “\n \n SEA\n \n ”) dated March 31, 2025, as amended (the “\n \n Acquisition\n \n ”).\n \n\n\n As announced by the Company on September 19, 2025, BMO Capital Markets, the agent engaged in connection with the Offering (the “\n \n Agent\n \n ”), has confirmed that the Offering is fully allocated. The Company is also pleased to announce that the Agent has exercised its over-allotment option in full and expects to sell up to an additional 15% of the aggregate number of Units sold under the Offering, on the same terms and conditions (the “\n \n Over-Allotment Option\n \n ”), resulting in an allocation of the full C$11,500,000 aggregate gross proceeds of the Offering.\n \n\n President and CEO, Peter Tagliamonte, commented:\n \n \"We are very pleased with the strong interest we received in our financing, including the over-allotment. Upon closing, we intend to promptly deploy the net proceeds to advance both our Mine Centre project and (subject to completion of the Acquisition) the Quartz Mountain Project.\n \n\n W\n \n\n e look forward to initiating exploration activities and commencing technical work. We expect these milestones will be important steps in unlocking the value of our current and future gold assets to create long-term value for our shareholders.\"\n \n\n\n Notwithstanding...