GoldQuest Closes Third and Final Tranche of Private Placement for Gross Proceeds of Approximately C$3.3 Million

Core Viewpoint - GoldQuest Mining Corp. has successfully closed the third and final tranche of its non-brokered private placement, raising a total of approximately C$42 million through the issuance of units [1][3]. Group 1: Private Placement Details - The third tranche involved the issuance of 2,744,542 units at a price of C$1.21 per unit, generating gross proceeds of approximately C$3.3 million [2]. - The total number of units issued across all tranches is 34,710,743, with gross proceeds amounting to approximately C$42 million [3]. - Cash finder's fees of C$100,000.45 and C$66,044.34 were paid to Paradigm Capital Inc. and Milenio Partners, S.A., respectively [3]. Group 2: Use of Proceeds - The proceeds from the private placement are intended for early development activities at the Romero project, expansion of greenfield exploration drilling, and general corporate purposes [4]. Group 3: Company Overview - GoldQuest Mining Corp. is a Canadian exploration and development company focused on advancing its gold and copper assets in the Dominican Republic, with strong participation from local investors [5].