Quadro Resources arranges $210,000 private placement

Executive Summary

• Quadro Resources Ltd. announces a non‑brokered private placement of up to six million units at C$0.035 per unit, targeting gross proceeds of up to C$210,000.
• Each unit consists of one common share and one warrant to purchase an additional common share at C$0.06, exercisable for 24 months.
• Units will be subject to a four‑month hold period; the placement requires TSX Venture Exchange approval and may involve finder’s fees payable in cash or securities.

Key Details

• Units Offered: Up to 6,000,000 units.
• Price per Unit: C$0.035 (3.5 cents).
• Aggregate Proceeds Target: Up to C$210,000.
• Unit Composition: 1 common share + 1 common share purchase warrant.
• Warrant Terms: Right to purchase one additional common share at an exercise price of C$0.06 per share; exercisable for 24 months from issuance date.
• Hold Period: All securities issued will be subject to a four‑month hold period.
• Finder’s Fees: May be paid in cash, securities, or a combination thereof, consistent with TSX Venture Exchange policies.
• Regulatory Condition: Placement is subject to approval by the TSX Venture Exchange.

Notable Quotes

(No executive quotes were provided in the release.)