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Q-Gold Resources ( (TSE:QGR) ) has shared an update.
Q-Gold Resources Ltd. has successfully allocated its private placement financing, with BMO Nesbitt Burns Inc. confirming the completion of the offering. This financing is expected to support the company’s exploration and development plans, reflecting strong investor confidence in Q-Gold’s projects and strategy. Additionally, Q-Gold has amended its share exchange agreement with Alamos Gold Inc., reducing the threshold for granting a net smelter return royalty, which may impact future share issuances and the company’s strategic operations.
More about Q-Gold Resources
Q-Gold Resources Ltd. is a publicly traded Canadian-based mineral exploration company focused on discovering high-grade gold and silver deposits in various jurisdictions. The company is currently engaged in gold exploration at the past-producing Foley Gold Mine in Mine Centre, Ontario.
Average Trading Volume: 161,882
Technical Sentiment Signal: Buy
Current Market Cap: C$13.26M
See more insights into QGR stock on TipRanks’ Stock Analysis page.