
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...
18h
Jeff Clark: Gold, Silver Going Higher, I'm "Aggressively Buying"
Jeff Clark, founder of the Gold Advisor, shares his thoughts on gold's fall below the US$4,000 per ounce level, emphasizing that he sees it as a buying opportunity. "The bottom line for me is ... we're going to go a lot higher, so that's why I'm investing," he said.Don't forget to follow us... Keep Reading...
18h
Jeff Valks: Investing in Juniors? Focus on This, Not the Gold Price
Jeff Valks, senior analyst at the Gold Advisor, gives his take on gold's fall below US$4,000 per ounce and whether it impacts his approach to investing in junior miners. "When I'm looking at the juniors and looking at the junior price tag, I try to tell people (to) separate the spot price from... Keep Reading...
18h
Barrick Names North American Gold Spinoff, Files NYSE IPO
Barrick Mining's (TSX:ABX,NYSE:B) North American gold spinoff now has a confirmed name and ticker. The miner announced on Tuesday (November 10) that it has named the new company American Barrick Gold, and that American Barrick has filed a registration statement with the US Securities and... Keep Reading...
19h
Altius to Add Copper, Lithium Royalties with TNR Gold Deal
Altius Minerals (TSX:ALS,OTCQX:ATUSF) has agreed to acquire TNR Gold (TSXV:TNR,OTCPL:TRRXF) to expand its copper and lithium exposure in Argentina, picking up royalties on McEwen Copper’s Los Azules project and Ganfeng Lithium's (HKEX:1772,OTCPL:GNENF) producing Mariana operation.“This... Keep Reading...
12 November
Toodoggone: Gold, Silver and Copper District in British Columbia
BC's Toodoggone district is reemerging as a hub for gold, copper and silver.The Toodoggone is continuing to gain attention and renewed exploration. With a history of mining activity demonstrated by past-producing, ongoing development of advanced-stage projects and new discoveries, the district... Keep Reading...
12 November
iMetal Resources Files Gowganda West Technical Report
iMetal Resources Inc. (TSXV: IMR) (OTCQB: IMRFF) (FSE: A7VA) ("iMetal" or the "Company") is pleased to announce the filing of a technical report (the "Report"), dated effective October 15, 2026, for its flagship Gowganda West gold project. The Report is authored by R. Tim Henneberry, P.Geo., a... 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





