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Q-Gold Resources ( (TSE:QGR) ) has issued an update.
Q-Gold Resources Ltd. has successfully closed an $11.5 million private placement financing, fully allocated, including the agent’s over-allotment option. The proceeds will support the company’s acquisition of Alamos Gold Inc.’s interest in the Quartz Mountain Project in Oregon, pending regulatory approvals and other conditions. This financing enhances Q-Gold’s operational capacity and positions it strategically within the gold exploration sector.
More about Q-Gold Resources
Q-Gold Resources Ltd. operates in the mining industry, focusing on gold mineral exploration projects. The company is involved in the acquisition and development of advanced stage projects, with a market focus on expanding its gold exploration activities.
Average Trading Volume: 182,828
Technical Sentiment Signal: Buy
Current Market Cap: C$16.65M
For detailed information about QGR stock, go to TipRanks’ Stock Analysis page.