Business
Quimbaya Gold Announces C$10 Million Bought Deal Financing
Quimbaya Gold Inc. ("Quimbaya" or the "Company") (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) is pleased to announce that it has entered into an agreement with Stifel Canada to act as sole underwriter and bookrunner (the "Underwriter"), in connection with a "bought deal" private placement of 14,300,000 units of the Company (the "LIFE Units") at a price of C$0.70 per LIFE Unit (the "Offering Price") for aggregate gross proceeds of C$10,010,000 (the "Offering"), with the LIFE Units to be issued pursuant t
About this update from Quimbaya Gold Inc
[{"type":"text","content":"/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./","length":183,"tagName":"p","attribs":{}},{"type":"text","content":"VANCOUVER, BC, Oct. 23, 2025 /CNW/ - Quimbaya Gold Inc. ("Quimbaya" or the "Company") (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) is pleased to announce that it has entered into an agreement with Stifel Canada to act as sole underwriter and bookrunner (the "Underwriter"), in connection with a "bought deal" private placement of 14,300,000 units of the Company (the "LIFE Units") at a price of C$0.70 per LIFE Unit (the "Offering Price") for aggregate gross proceeds of C$10,010,000 (the "Offering"), with the LIFE Units to be issued pursuant to the Listed Issuer Financing Exemption (as defined below).","length":666,"tagName":"p"},{"type":"text","content":"The Company has granted to the Underwriter an option, exercisable up to 48 hours prior to the closing date, to purchase for resale up to an additional 15% of LIFE Units at the Offering Price for additional gross proceeds of up to C$1,501,500.","length":242,"tagName":"p"},{"type":"text","content":"Each LIFE Unit will consist of one common share (a "Common Share") and one-half (½) of one Common Share purchase warrant (each whole warrant, a "Warrant") of the Company. Each Warrant will be exercisable to acquire one Common Share for a period of 36 months following the closing date of the Offering at an exercise price of C$1.00 per common share.","length":369,"tagName":"p"},{"type":"text","content":"The net proceeds from the Offering are expected to be used to advance the Company's exploration programs, including drilling at the Tahami South project and follow-up work on regional copper-gold and gold targets, as well as for general working capital.","length":257,"tagName":"p"},{"type":"text","content":"Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the LIFE Units will be offered for sale to purchasers resident in Canada other than Quebec and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part...