
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...
5h
Cerrado Gold Reports 21% Year-Over-Year Increase in Q3 2026 Production Results at Minera Don Nicolas
Strong Production of 16,685 Gold Equivalent Ounces ("GEO") for the 3rd Quarter 2026, up 21% from Q3/25 Production of 44,942 GEO Year-to-Date Exploration is ongoing, with a key focus now on the Falcon property to support resource growth for a new Preliminary Economic Assessment targeted for late... Keep Reading...
28 October
Gold Price Falls, Then Recovers After Fed Keeps Rates Steady
The gold price fell on Wednesday (October 28) after the US Federal Reserve kept interest rates unchanged.The Federal Open Market Committee voted 10 to two to keep its benchmark interest rate at 3.75 to 4 percent. Fed officials Lisa D. Cook and Beth M. Hammack dissented and called for a 0.25... Keep Reading...
28 October
5 Best-performing Gold Stocks on the TSX in 2026
The gold price hit record highs of over US$5,500 per ounce in January 2026, and while its price has pulled back, it has largely held above the US$4,000 mark since it first broke through that point in September 2025.Gold's growth may have been stalled by a variety of factors, including widespread... Keep Reading...
28 October
Osisko Gold Reports Progress at Cariboo Project in BC
Osisko Gold Group (TSXV:OGG,NYSE:OGG) announced that as of September 30, construction of its Cariboo gold project in Central BC is 28 percent complete, based on costs incurred.By the end of September, the company had incurred C$355 million in project costs, while the estimated remaining cost to... Keep Reading...
27 October
Top 5 ASX Gold Stocks in 2026
The gold price may have receded from the new all-time high above AU$6,860.28 per ounce set in Q1, but the yellow metal was still trading at historic highs in the third quarter.The gold bull market has been well-supported by a number of factors. Among them is the pervading geopolitical turmoil... Keep Reading...
26 October
Boroo Plans C$1.5 Billion Investment to Restart Yukon’s Eagle Gold Mine
Singapore-based Boroo has agreed to acquire Victoria Gold Corp. for up to C$140 million and plans to invest more than C$1.5 billion in the Eagle Gold Mine in Yukon, according to a Thursday (October 22) news release.The company will invest in environmental remediation, mine restart activities and... 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





