Mr. T. Barry Coughlan reports
QUADRO ANNOUNCES INCREASE, FILES FOR APPROVAL
OF $0.035 UNIT PRIVATE PLACEMENT FINANCING
Further to its Nov. 21, 2025, news release, Quadro Resources Ltd. has increased its previously announced private placement financing from $210,000 to $252,500 and has filed documents with the TSX Venture Exchange seeking approval to close the financing.
On receipt of exchange approval, the company will issue 7,214,286 units at a price of 3.5 cents per unit, each unit consisting of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase one additional common share of the company at an exercise price of six cents per common share for a period of 24 months from the date of issue.
In connection with the private placement and on receipt of exchange approval, the company will pay cash finders' fees totalling $11,025 and issue 315,000 non-transferable broker warrants, exercisable at six cents for 24 months, as permitted by the policies of the TSX-V. All securities issued pursuant to the financing are subject to a four-month-plus-one-day hold.
About Quadro Resources Ltd.
Quadro Resources is a publicly traded mineral exploration company with approximately 28.5 million shares outstanding, listed on the TSX-V under the ticker symbol QRO. The company focuses on gold exploration in North America. Quadro owns a 49-per-cent interest in the Staghorn property while Tru Precious Metals Corp. holds 51 per cent. Quadro maintains full ownership of the Long Lake property. Both properties are located along the Cape Ray fault in Newfoundland and Labrador.
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