Northwire Canada EditionFriday, November 13, 2026
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Financings

Quadro receives conditional TSX-V OK for financing

By The Northwire Desk — AI Analysis Jan 08, 2026 · 14:26 QRO · 0.035 Quadro Resources Ltd.
QRO · Price

Executive Summary

  • Quadro Resources received conditional TSX‑V approval to close a private placement of 7,214,286 units at C$0.035 per unit.
  • The financing will raise approximately C$241,475 in gross proceeds (C$175,129 for working capital and C$66,346 for the Staghorn JV).
  • Units include common shares plus warrants; additional broker warrants and finder’s fees are disclosed, with a lock‑up period expiring 9 May 2026.

Key Details

  • Units Issued: 7,214,286 units at C$0.035 per unit (gross proceeds ≈ C$252,500).
  • Unit Composition: 1 common share + 1 common share purchase warrant (exercise price C$0.06, exercisable for 24 months).
  • Broker Warrants: 315,000 non‑transferable warrants issued to brokers, exercisable at C$0.06 for 24 months.
  • Finder’s Fees: Cash fees of $11,025 payable to finders.
  • Hold‑Period: All securities subject to a four‑month‑plus‑one‑day hold, expiring 9 May 2026.
  • Use of Proceeds:
  • General working capital – C$175,129
  • Funding Quadro’s share of the Quadro‑Tru Precious Metals joint venture on the Staghorn property – C$66,346
  • Conditional Approval: Received from TSX Venture Exchange; closing subject to final exchange approval.

Notable Quotes

(No executive quotes provided in the release.)

Read the original news release →

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