Conquest Resources Revises Private Placement to Raise Up to $750,000 for Ontario Exploration

Conquest Resources ( (TSE:CQR) ) has provided an announcement.

Conquest Resources has amended the terms of its previously announced non-brokered private placement financings to add a hard-dollar share component alongside its charity flow-through offering, for combined potential gross proceeds of up to $750,000. The revised structure comprises up to 6 million charity flow-through shares at $0.075 to fund qualifying Canadian critical mineral exploration expenditures at the Belfast-TeckMag Project in Ontario, and up to 6 million hard-dollar common shares at $0.05 to support working capital and general corporate purposes, with completion subject to regulatory approvals and standard resale restrictions, underscoring the company’s ongoing push to finance exploration at its flagship critical minerals asset.

More about Conquest Resources

Conquest Resources Limited is a Canadian mineral exploration company focused on base metals and gold projects in Ontario. Its flagship Belfast-TeckMag Project in the Temagami Mining Camp targets magmatic sulphide (Cu-Ni-PGE), VMS, IOCG, iron formation-hosted and paleo-placer gold deposits over more than 300 square kilometres, including the historic Golden Rose Mine. Conquest also holds the Alexander Gold Property in the Red Lake Gold Camp, along with interests in the Smith Lake Gold Property and Lake Nipigon Basin Property.

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Technical Sentiment Signal: Buy

Current Market Cap: C$9.48M

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