Q-Gold Closes $11,500,000 Fully Allocated Private Placement Financing, Including Agent's 15% Over-Allotment Option

Core Viewpoint - Q-Gold Resources Ltd. has successfully closed a private placement offering of subscription receipts, raising a total of $11,500,000 through the issuance of 76,666,667 subscription receipts at a price of $0.15 each, including the full exercise of the agent's over-allotment option [1][2][6] Offering Details - The subscription receipts were issued under a subscription receipt agreement and the gross proceeds, after deducting the agent's fees, are held in escrow pending the satisfaction of specific conditions [2][5] - Each subscription receipt will automatically convert into one unit upon meeting the escrow release conditions by November 14, 2025 [3] - Each unit consists of one common share and half a warrant, with the warrant allowing the purchase of one common share at $0.20 until October 3, 2027 [4] Financial Aspects - The agent is entitled to a cash commission of 6% of the gross proceeds, amounting to $690,000, with half paid immediately and the remainder held in escrow [6][8] - The net proceeds from the offering will be used for financing the acquisition of the Quartz Mountain Project, exploration programs, and general corporate purposes [8] Acquisition Context - The offering is linked to the proposed acquisition of Alamos Gold Inc.'s interest in the Quartz Mountain Project, with the completion of the acquisition subject to customary closing conditions [6][9][10] - Insider participation in the offering includes a director of the company subscribing for 2,000,000 subscription receipts, which is classified as a related party transaction [11] Regulatory Compliance - The offering is subject to final approval from the TSX Venture Exchange, and the company is working to meet all necessary regulatory requirements [9][10]