Quadro Resources (QRO-V) PP
Nov 29, '22 - NR
Quadro Resources Ltd., subject to regulatory approval, will conduct a non-brokered private placement of up to 10 million units, with each unit priced at five cents and consisting of one common share of the company and one common share purchase warrant, with each unit warrant being exercisable for an additional common share of the company at 10 cents for 12 months from closing, and up to 8,333,333 flow-through units, with each flow-through unit priced at six cents and consisting of one flow-through share and one-half common share purchase warrant, with each full flow-through unit warrant being exercisable at 12 cents for a common share of the company for 12 months, to raise proceeds of up to a total of $1-million.
Proceeds from the financing will be used to explore and develop the company's Long Lake/Tulks South and Careless Cove/Yellow Fox properties and for working capital purposes. Finders' fees on the financing may be paid in accordance with TSX Venture Exchange policies.
About Quadro Resources Ltd.
Quadro is a publicly traded mineral exploration company. It is led by an experienced and successful management team and is focused on exploring for gold in North America. The company's shares trade on the TSX-V under the symbol QRO. Quadro owns a 100-per-cent interest in the Staghorn property, which it has optioned to Tru Precious Metals Corp.; has an option to earn a 100-per-cent interest in the Long Lake and Careless Cove properties; and has an option to earn an initial 51-per-cent interest in the Tulks South property in Newfoundland.
On behalf of the board of directors,
Quadro Resources Ltd.
“T. Barry Coughlan”
President and CEO
Tel (604) 644-9561
info@quadroresources.com |
