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Newsfile Corp Vancouver, British Columbia--(Newsfile Corp. - November 30, 2021) - Quadro Resources Ltd. (TSXV: QRO) (OTCQB: QDROF) (FSE: G4O2) ("Quadro" or the "Company") is pleased to announce that, subject to regulatory approval, it will conduct a non-brokered private placement of up to 8,333,333 units (the "Units"), each Unit priced at $0.06 and consisting of 1 common share of the Company and 1 common share purchase warrant (the "Unit Warrants"), each Unit Warrant being exercisable for an additional common share of the Company at $0.13 for 12 months from closing, and up to 7,142,857 flow-through units (the "FT Units"), each FT Unit priced at $0.07 and consisting of 1 flow-through share and one half common share purchase warrant (the "FT Unit Warrants"), each full FT Unit Warrant being exercisable at $0.13 for a common share of the Company for 12 months, to raise proceeds of up to $1,000,000. Proceeds from the financing will be used to explore and develop the Company's Staghorn, Long Lake, Tulks South, and Careless Cove properties and for working capital purposes. (See the news release dated November 18, 2021). Finder's fees on the financing may be paid in accordance with TSX Venture Exchange policies. |