Gold Corporation's Private Placement financing has been completely filled; Update on the Quartz Mountain deal transaction announced.
Q-Gold Resources Ltd., a publicly traded mineral exploration company targeting high-grade gold and silver discoveries in multiple jurisdictions, has announced that its offering of up to 66,666,667 units, previously announced in August 2025, has been fully allocated. The Offering, led by BMO Nesbitt Burns Inc., is subject to customary closing conditions, including TSXV approval, execution of subscription agreements, and an agency agreement, and delivery of title opinions.
The company has agreed to use commercially reasonable efforts to obtain approval of the TSX Venture Exchange for issuances of its common shares beyond the Share Cap to satisfy milestone payments upon Alamos' request. No Q-Gold common shares will be issued in respect of milestone payments if such issuances would exceed 138,326,406 Q-Gold common shares in aggregate (the "Share Cap").
Peter Tagliamonte, CEO of Q-Gold, commented on the strong response to the financing, stating that it is a strong endorsement of the company's projects and strategy. Completion of the Offering is expected in the coming weeks.
Q-Gold's current exploration focus is on the past-producing Foley Gold Mine in Mine Centre, Ontario. The company's ticker symbols on the TSXV and OTC are QGR and QGLDF, respectively.
In a separate development, Q-Gold has entered into an amendment to its share exchange agreement with 0975828 B.C. Ltd. and Alamos Gold Inc. regarding the purchase of a mineral exploration project in south-central Oregon. The amendment decreases the threshold at which Q-Gold would be required to grant a re-purchasable net smelter return royalty to Alamos from 50% to 19.9%. If Alamos holds more than 19.9% of Q-Gold's common shares due to share issuances for milestone payments, the value of the shares that would have been issued will be satisfied by Quartz Mountain Gold Ltd. granting the NSR Royalty at a fixed rate of 0.2% of the net smelter return for each US$1,000,000 in value.
It is important to note that the information in this press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, and may not be offered or sold within the United States or to U.S. Persons unless registered or an exemption is available.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Q-Gold's forward-looking information is subject to risks, uncertainties, and other factors that may cause actual results to differ materially from those contained in the forward-looking information.
For further contact details, please refer to Peter Tagliamonte, the CEO of Q-Gold Resources Ltd.
Note: This article is based on factual bullet points and does not contain opinions or unrelated information.
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