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Q-Gold Resources ( (TSE:QGR) ) just unveiled an announcement.
Q-Gold Resources Ltd. has received conditional approval from the TSX Venture Exchange for a private placement financing, which is fully subscribed, raising up to C$11.5 million. The funds will be used to advance the Mine Centre project and the Quartz Mountain Project, with the aim of unlocking long-term value for shareholders. The financing structure involves issuing subscription receipts that will convert into units upon meeting certain conditions, ensuring the company’s strategic growth in gold exploration.
More about Q-Gold Resources
Q-Gold Resources Ltd. operates in the mineral exploration industry, focusing on gold assets. The company is engaged in projects such as the Mine Centre project and the Quartz Mountain Project, aiming to enhance its portfolio of gold exploration projects.
Average Trading Volume: 190,369
Technical Sentiment Signal: Buy
Current Market Cap: C$21.58M
See more insights into QGR stock on TipRanks’ Stock Analysis page.