Quimbaya Gold Closes C$14.4 Million Bought Deal Financing

Core Points - Quimbaya Gold Inc. has successfully closed a bought deal private placement, raising gross proceeds of C$14,409,500 by selling 20,585,000 units at C$0.70 each [1][4] - Each unit consists of one common share and one-half of a common share purchase warrant, with warrants exercisable at C$1.00 for 36 months [2] - The net proceeds will be utilized for exploration programs, including drilling at the Tahami South project and other regional targets, as well as for general working capital [3] Offering Details - The offering was conducted under the LIFE Exemption, allowing for sales in various Canadian provinces and certain offshore jurisdictions [4] - The underwriter received a cash commission of C$722,769.60 and was issued 1,118,208 broker warrants, each exercisable at C$0.70 for 36 months [5] Company Overview - Quimbaya Gold Inc. focuses on discovering gold resources through exploration and acquisition in Colombia's gold mining districts, with projects in Segovia, Puerto Berrio, and Abejorral [7]