
November 29, 2022
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.
QRO:CC
Alert Options
No alert set
INN Article Notification
Alert Option
You will be notified when this event occurs. No additional settings needed.
The Conversation (0)
21 February 2022
Quadro Resources
Gold Exploration and Development in the Newfoundland Gold Belt
Gold Exploration and Development in the Newfoundland Gold Belt Keep Reading...
2h
LaFleur Minerals Achieves Major Milestone at Beacon Gold Mill
Canadian company LaFleur Minerals (CNSX:LFLR) is now fully permitted and funded to restart production at its Beacon Gold Mill and Swanson Gold Deposit in Abitibi, Quebec, Canada’s largest gold-producing belt.The company shared in a virtual investor conference that it is “evolving from explorer... Keep Reading...
3h
Belo Sun Secures Judicial Victory for Volta Grande Project
Belo Sun Mining (TSX:BSX,OTCQB:BSXGF) announced it has received the final dismissal of a longstanding civil lawsuit that had posed a significant legal hurdle for its Volta Grande gold project in Brazil's Amazon region.Brazil's Federal Regional Court of the 1st Region (TRF1) permanently dismissed... Keep Reading...
15h
Quarterly Activities/Appendix 5B Cash Flow Report
Aurum Resources (AUE:AU) has announced Quarterly Activities/Appendix 5B Cash Flow ReportDownload the PDF here. Keep Reading...
20h
Byron King: Gold, Oil, Uranium — My Outlook and Stocks I Like
Byron King, editor at Paradigm Press, shares his outlook for gold, oil and uranium."A lot of great companies are on remarkable sales right now," he said. "Doesn't mean you go out and you buy every share you can with every dollar you've got. You know, you play it out over time. But the sector is... Keep Reading...
27 July
iMetal Resources Provides Update on Private Placement
iMetal Resources Inc. (TSXV: IMR,OTC:IMRFF) (OTCQB: IMRFF) (FSE: A7VA) ("iMetal" or the "Company") is providing this update on its previously announced non-brokered private placement (the "Offering"). The Offering will now consist of up to 30,000,000 units (each, a "Unit"), at a price of $0.10... Keep Reading...
24 July
Editor's Picks: Precious Metals Prices Bumpy, China Makes Major Gold Move
The gold price was on the move this week, pushing back above the US$4,000 per ounce level and rising to nearly US$4,160 before pulling back.Silver followed a similar trajectory, reaching a midweek peak of US$60.50 per ounce.The precious metals were initially buoyed by increased conflict between... Keep Reading...
Latest News
Interactive Chart
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00





