GoldQuest Announces C$30 Million Private Placement

Core Viewpoint - GoldQuest Mining Corp. plans to conduct a non-brokered private placement of up to 24,793,399 units at a price of $1.21 per unit, aiming for gross proceeds of approximately $30 million, with no minimum offering amount [1][2]. Group 1: Financing Details - The private placement is expected to close on or before December 19, 2025, pending regulatory approvals, including from the TSX Venture Exchange [3]. - Each unit will consist of one common share and one-half of a common share purchase warrant, with each whole warrant exercisable at $1.80 per share for 24 months from the closing date [2][3]. Group 2: Strategic Importance - The financing is intended to strengthen the company's balance sheet and provide flexibility for exploration and early development activities in the Dominican Republic [2]. - The participation of new and existing institutional investors from the Dominican Republic is seen as a strategic advantage, reflecting confidence in the company's assets and approach [2][5]. Group 3: Use of Proceeds - Proceeds from the private placement will be allocated to early development activities at the Romero project, expansion of greenfield exploration drilling, and general corporate purposes [3].