Quimbaya Gold Announces C$10 Million Bought Deal Financing

Executive Summary

• Quimbaya Gold Inc. entered into a bought‑deal private placement with Stifel Canada for 14,300,000 LIFE Units at C$0.70 each, generating gross proceeds of C$10.01 million.
• The underwriter has an option to purchase up to an additional 15% of the units (≈2,145,000 units) for up to C$1.50 million, exercisable up to 48 hours before closing.
• Net proceeds are earmarked to fund exploration programs—including drilling at the Tahami South project and follow‑up work on regional copper‑gold and gold targets—and general working capital.

Key Details

• Units Offered: 14,300,000 LIFE Units (each unit = 1 common share + ½ warrant).
• Offering Price: C$0.70 per LIFE Unit.
• Gross Proceeds: C$10,010,000.
• Underwriter: Stifel Canada (sole underwriter and bookrunner).
• Over‑Allotment Option: Up to 15% additional units (≈2,145,000) at the same price, for up to C$1,501,500, exercisable ≤48 hours before closing.
• Warrant Terms: Each warrant allows purchase of one common share at C$1.00 per share; warrants are exercisable for 36 months after closing.
• Closing Date: Expected on or about 4 November 2025, subject to regulatory approvals and exchange acceptance.
• Use of Proceeds: Primarily to advance exploration (drilling at Tahami South, regional copper‑gold and gold targets) and for general working capital.
• Regulatory Framework: Offered under the Listed Issuer Financing Exemption (NI 45‑106 Part 5A); no hold period applies; not registered in the United States.

Notable Quotes

(No direct quotes were provided in the release.)