On October 3, 2025, Q-Gold Resources Ltd. completed a private placement of 76,666,667 subscription receipts at a price of $0.15 per subscription receipt for aggregate gross proceeds of $11.5 million, which included the full exercise of the agents’ over-allotment option. Each subscription receipt will be automatically exchanged into one unit immediately upon the satisfaction or waiver of the escrow release conditions on or before November 14, 2025. Each unit will be comprised of one common share in the capital of Q-Gold and one-half of one common share purchase warrant with an exercise price of $0.20 per share until October 3, 2027, subject to acceleration in certain circumstances.
The offering was conducted by BMO Capital Markets as sole agent.
Cassels acted for Q-Gold.