QGold Closes Private Placement Flow-Through Financing

Executive Summary

• Q‑Gold Resources Ltd. closed its previously announced non‑brokered flow‑through private placement, raising $1,694,503.
• The offering consisted of 4,841,437 common shares issued at $0.35 per share, subject to a four‑month statutory hold period expiring 2026‑04-24.
• Proceeds will be used to fund exploration work on the Mine Centre gold project in Ontario, Canada; finder’s fees of $127,560.24 were paid and 364,456 non‑transferable finder warrants were issued.

Key Details

• Offering Size: $1,694,503 gross proceeds.
• Shares Issued: 4,841,437 common shares on a flow‑through basis.
• Price per Share: $0.35.
• Statutory Hold Period: Four months, expiring 2026‑04-24.
• TSXV Approval: Completion pending final TSX Venture Exchange approval.
• Use of Proceeds: Fund exploration activities on the Mine Centre gold project (Ontario, Canada).
• Finder’s Fees Paid: $127,560.24 in cash.
• Finder Warrants Issued: 364,456 non‑transferable warrants; each warrant allows purchase of one common share at $0.35, exercisable until 2027‑12-23.

Notable Quotes

(No direct quotes were included in the release.)