Quadro Resources closes $252,500 private placement

Executive Summary

• Quadro Resources Ltd. closed its 3.5‑cent private placement financing, raising gross proceeds of $252,500.
• Issued 7,214,286 units (each unit = 1 common share + 1 warrant) at $0.035 per unit; includes related‑party subscription of 1,000,000 units for $35,000.
• Proceeds allocated to general working capital ($175,129) and to fund Quadro’s share of the joint‑venture on the Staghorn property ($66,346).

Key Details

• Units Issued: 7,214,286 at C$0.035 per unit.
• Unit Composition: 1 common share + 1 common share purchase warrant (exercise price C$0.06, exercisable for 24 months).
• Related‑Party Transaction: One insider subscribed for $35,000 (1,000,000 units); exempted from MI 61‑101 valuation requirements as it represents ≤25% of market cap.
• Finder’s Fees Paid: $11,025 in cash.
• Broker Warrants Issued: 315,000 non‑transferable warrants (exercise price C$0.06, 24‑month term).
• Holding Period: All securities subject to a four‑month + one‑day hold, expiring May 9, 2026.
• Use of Proceeds:
• General working capital – $175,129
• Funding Quadro’s portion of the Quadro/Tru Precious Metals joint venture on the Staghorn property – $66,346

Notable Quotes

(No executive quotes provided in the release.)