Quadro Resources

Quadro Announces Private Placement

Quadro Resources Ltd. (“Quadro” or the “Company”) (TSXV: QRO, OTC Pink: QDROD, FRA: G4O2) is pleased to announce that, subject to regulatory approval, it will conduct a non-brokered private placement of up to 10,000,000 units (the “Units”), each Unit priced at $0.05 and consisting of 1 common share of the Company and 1 common share purchase warrant (the “Unit Warrants”), each Unit Warrant being exercisable for an additional common share of the Company at $0.10 for 12 months from closing, and up to 8,333,333 flow-through units (the “FT Units”), each FT Unit priced at $0.06 and consisting of 1 flow-through share and one half common share purchase warrant (the “FT Unit Warrants”), each full FT Unit Warrant being exercisable at $0.12 for a common share of the Company for 12 months, to raise proceeds of up to a total of $1,000,000.

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. Finder’s fees on the financing may be paid in accordance with TSX Venture Exchange policies.

About Quadro Resources – 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 Venture Exchange under the symbol “QRO”. Quadro owns a 100% interest in the Staghorn property, which it has optioned to TRU Precious Metals Corp., has an option to earn a 100% interest in the Long Lake and Careless Cove properties, and has an option to earn an initial 51% 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

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.” For more information on the Company, interested parties should review the Company's filings that are available at www.sedar.com.

Source

Click here to connect with Quadro Resources Ltd. (TSXV: QRO, OTC Pink: QDROD, FRA: G4O2), to receive an Investor Presentation

QRO:CC
The Conversation (0)
Quadro Resources

Quadro Resources

Gold Exploration and Development in the Newfoundland Gold Belt

Gold Exploration and Development in the Newfoundland Gold Belt Keep Reading...
Gold bars in stacks with words "5 Top Canadian Mining Stocks This Week" on top.

Top 5 Canadian Mining Stocks This Week: 55 North Gold Gains 89 Percent

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian news impacting the resource sector.Statistics Canada released Canada’s gross domestic product by industry data for July on Tuesday... Keep Reading...
Pinnacle Silver and Gold (TSXV:PINN)

Pinnacle Closes Second and Final Tranche of Private Placement

(TSXV: PINN, OTCQB: PSGCF, Frankfurt: P9J) – Pinnacle Silver and Gold Corp. (" Pinnacle " or the “ Company ") has closed a second and final tranche of the non-brokered private placement first announced on July 17, 2026 (the “Offering”), subject to TSX Venture Exchange approval. Pursuant to the... Keep Reading...
LaFleur Minerals

LaFleur Minerals is On Track to Become Near-Term Gold Producer

LaFleur Minerals (CSE:LFLR,OTCQB:LFLRF) is the subject of a recent on-site video feature by Maximus Strategic Consulting Inc., owner and operator of Pinnacle Digest. The video provides a look at the company's two flagship assets near Val-d'Or, Québec, the Beacon Gold Mill and Swanson Gold... Keep Reading...
Pieces of ore with yellow representing uranium on black surface; graphic reads "5 top Australian Mining Stocks This Week."

Top 5 Australian Mining Stocks This Week: Dateline Resources Gains 67 Percent on DoJ Backing

Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks on the ASX.This week's top five gainers includes companies focused on gold, rare earths, copper and more.Read on to discover this week's top gaining Australian mining stocks on the ASX and what drove... Keep Reading...
David Erfle, gold bars.

David Erfle: Gold Price Bottoms "Every Single Time" This Happens

David Erfle, editor and founder of Junior Miner Junky, shares his take on the gold market, saying that the US Federal Reserve's recent interest rate hike could mark a key turning point. "Every single time they start raising rates, that's when gold bottoms and starts to go up again," he explained... Keep Reading...
Paul Brink, gold bars.

Gold at Key Inflection Point, Price Run in Early Days | Franco-Nevada's Paul Brink

Paul Brink, president and CEO of Franco-Nevada (TSX:FNV,NYSE:FNV), shares his perspective on the gold market, noting that the metal's reaction to the latest US Federal Reserve interest rate hike could represent a key change in the space. "I think it is a really important inflection point," he... Keep Reading...

Interactive Chart

Latest Press Releases

Related News