Quadro receives conditional TSX-V OK for financing

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.)