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Q-Gold Resources ( (TSE:QGR) ) has issued an update.
Q-Gold Resources has closed a non-brokered private placement of flow-through common shares, raising approximately $1.69 million through the issuance of 4,841,437 shares at $0.35 each, subject to a four-month hold period and final TSX Venture Exchange approval. The proceeds will be directed to exploration work at the company’s Mine Centre gold project in Ontario, while Q-Gold also paid cash finder’s fees and issued finder warrants exercisable at $0.35 until late 2027, underscoring its ongoing effort to finance and advance key exploration assets.
More about Q-Gold Resources
Q-Gold Resources Ltd. is a North American-based mineral exploration and development company focused on advancing gold and silver projects in mining-friendly jurisdictions across North America. The publicly traded company, listed on the TSX Venture Exchange, OTCQB Venture Market and Börse Frankfurt, is prioritizing the advancement of its flagship Quartz Mountain gold project in Oregon and the Mine Centre gold project in Ontario, using systematic exploration, disciplined project development and responsible environmental stewardship to move its portfolio toward production.
Average Trading Volume: 102,563
Technical Sentiment Signal: Buy
Current Market Cap: C$41.39M
Find detailed analytics on QGR stock on TipRanks’ Stock Analysis page.