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Quadro Resources ( (TSE:QRO) ) has provided an announcement.
Quadro Resources has received conditional approval from the TSX Venture Exchange to close a $0.035-per-unit private placement, issuing 7,214,286 units comprising one common share and one warrant exercisable at $0.06 for 24 months. The financing includes cash finders’ fees and broker warrants, with all securities subject to a standard four-month hold, and will provide roughly $241,000 in gross proceeds earmarked for general working capital and to fund Quadro’s share of expenditures on the Staghorn joint venture, supporting ongoing exploration activity and liquidity for its Newfoundland gold projects.
More about Quadro Resources
Quadro Resources Ltd. is a publicly traded mineral exploration company focused on gold exploration in North America. Listed on the TSX Venture Exchange under the symbol QRO and on the Frankfurt Stock Exchange as G4O, it has approximately 28.5 million shares outstanding. The company holds a 49% interest in the Staghorn property in joint venture with TRU Precious Metals Corp. and owns 100% of the Long Lake property, both located along the Cape Ray Fault in Newfoundland and Labrador, a prospective gold belt.
Average Trading Volume: 30,146
Technical Sentiment Signal: Sell
Current Market Cap: C$997.9K
See more data about QRO stock on TipRanks’ Stock Analysis page.