Northwire Canada EditionFriday, August 28, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4517.50 −3.1% SILVER 67.54 −3.8% COPPER 6.57 −1.8% OIL 83.50 −0.0% PALLADIUM 1430.50 +5.5% SPX 0.115 +0.0% CQR 0.045 −10.0% IVS 0.330 +11.9% CNC 1.44 −2.7% PA 0.145 +0.0% KC 0.340 +0.0% MLP 2.85 −1.4% REVX 1.74 +1.8% FYL 0.115 +9.5% GG 2.88 −4.3% TNR 0.295 −1.7% PPP 0.940 −3.1% WGO 2.40 +0.0% RDU 0.155 +0.0% DAN 0.330 −2.9% ABA 0.095 +0.0% GOLD 4517.50 −3.1% SILVER 67.54 −3.8% COPPER 6.57 −1.8% OIL 83.50 −0.0% PALLADIUM 1430.50 +5.5% SPX 0.115 +0.0% CQR 0.045 −10.0% IVS 0.330 +11.9% CNC 1.44 −2.7% PA 0.145 +0.0% KC 0.340 +0.0% MLP 2.85 −1.4% REVX 1.74 +1.8% FYL 0.115 +9.5% GG 2.88 −4.3% TNR 0.295 −1.7% PPP 0.940 −3.1% WGO 2.40 +0.0% RDU 0.155 +0.0% DAN 0.330 −2.9% ABA 0.095 +0.0%
Financings

Conquest closes $415,000 final tranche of financing

By The Northwire Desk — AI Analysis Feb 20, 2026 · 02:30 CQR · 0.07 Conquest Resources Limited
CQR · Price

Executive Summary

  • Conquest Resources Ltd. has closed the final tranche of its previously announced non-brokered private placement, upsizing the total financing from $300,000 to $415,000 due to high investor interest.
  • The company issued 8.3 million shares at a price of $0.05 per share, generating gross proceeds of $415,000.
  • The transaction involves insider participation and is structured as a related party transaction exempt from formal valuation and minority shareholder approval requirements under Canadian securities regulations.

Key Details

  • Transaction Structure: Non-brokered private placement financing.
  • Upsizing: The financing was increased from an initial $300,000 to a final total of $415,000.
  • Share Issuance: 8.3 million shares issued.
  • Price Per Share: $0.05.
  • Gross Proceeds: $415,000.
  • Use of Proceeds: Funding for the Belfast-Teck Mag project in Ontario, working capital, and general corporate purposes.
  • Finder’s Fees: An aggregate of $9,000 in cash finders' fees paid to an arm's-length party, representing 6% of the gross proceeds from shares sold to subscribers introduced by that party.
  • Insider/Related Party Status: The financing includes participation by an insider/related party. It is exempt from formal valuation and minority shareholder approval requirements under Section 5.5(c) and 5.7(b) of Multilateral Instrument 61-101 (MI 61-101) because the fair market value does not exceed $2.5 million.
  • Regulatory Exemptions: The company relies on exemptions under Section 5.5(b) and 5.7(a) of MI 61-101, noting that the fair market value of shares issued to the related party does not exceed 25% of the company's market capitalization.
  • Control: No new control person will be created as a result of this private placement.
  • Conditions: The financing is subject to necessary regulatory approvals, including acceptance by the TSX Venture Exchange.
  • Hold Period: A hold period of four months and one day applies from the closing date in accordance with applicable securities laws.
Read the original news release →

More from Conquest Resources Limited

Aug 28, 2026 · 12:01

Conquest divests its flagship Ontario asset to pivot toward Finnish drilling, focusing on exploration activities in Finland.

M&A / Property Aug 12, 2026 · 07:01

Conquest’s Smith Lake channel samples returned 15.31 g/t Au, advancing Ontario gold exploration.

Drill Results Jul 29, 2026 · 07:01

Conquest advances drill targeting at Finland’s Valimaki project after sampling confirmed gold anomalies pending till sampling verification.

Drill Results May 19, 2026 · 07:02

Conquest Resources Validates Valimaki Acquisition Thesis with Structural Targets; Dilution Risks Loom

Drill Results Mar 10, 2026 · 17:33

Conquest begins 2026 exploration at Valimaki

Drill Results Mar 10, 2026 · 07:06

Conquest Resources advances Valimaki exploration push as Finland project acquisition progresses

Drill Results