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Q-Gold Resources Launches Private Placement and Provides Corporate Updates
TORONTO, Sept. 02, 2022 (GLOBE NEWSWIRE) -- Q-Gold Resources Ltd (TSXV: QGR, OTC: QGLDF, FRA: QX9G) (“Q-Gold” or the “Company”) is pleased to announce it is ini
About this update from Q-gold Resources Ltd
[{"type":"text","content":" TORONTO, Sept. 02, 2022 (GLOBE NEWSWIRE) -- Q-Gold Resources Ltd (TSXV: QGR, OTC: QGLDF, FRA: QX9G) (“Q-Gold” or the “Company”) is pleased to announce it is initiating a non-brokered private placement financing (the “Offering”) of up to C$1,000,000. The Offering will consist of up to of 20,000,000 units (“Units”) priced at C$0.05 per Unit (the “Offering Price”) for gross proceeds of up to C$1,000,000. Each Unit will consist of one common share of the Company (a “Common Share”) and one half of a share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to acquire one Common Share at an exercise price of C$0.07 for a period of 24 months following the closing date of the Offering. The Offering is expected to close on or before October 1, 2022 and is subject to customary closing conditions, including approval from the TSX Venture exchange. The proceeds of the Offering will be used to fund the exploration work at the Surupana Property, as well as for general corporate and working capital purposes. This press release is not an offer of securities for sale in the United States. The common shares may not be offered or sold in the United States absent registration or an available exemption from the registration requirements of the US. Securities Act of 1933, as amended (the “U.S. Securities Act”) and applicable U.S. state securities laws. Q-Gold will not make any public offering of the securities in the United States. The Units, Common Shares and Warrants have not been and will not be registered under the U.S. Securities Act, or any state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful. About Q-Gold Resources Ltd. Q-Gold Resources (TSXV: QGR, OTC: QGLDF, FRA: QX9G) is a publicly traded Canada-based mineral exploration company targeting high-grade gold and silver discoveries in multiple jurisdictions. Q-Gold is currently exploring for gold at the past-producing Foley Gold Mine in Mine Centre, Ontario and for silver at the Surupana Property in the silver-rich altiplano region of Peru. For further information, contact:Dr. Andreas RompelChief Executive [email protected]: www.qgoldresour...