Core Viewpoint - Sun Summit Minerals Corp. has successfully closed a non-brokered private placement, raising a total of $11,500,000 through the issuance of charity flow-through common shares and non-flow-through common shares [1][3]. Group 1: Private Placement Details - The private placement included the issuance of 67,857,143 charity flow-through common shares at a price of $0.14 each and 20,000,000 non-flow-through common shares at a price of $0.10 each [1]. - The gross proceeds from the charity flow-through shares will be used to incur eligible Canadian exploration expenses, qualifying as flow-through mining expenditures under the Income Tax Act [2][3]. - The company paid finder's fees totaling $303,380 and granted 2,944,400 non-transferable finder warrants, allowing the purchase of common shares at $0.14 until December 23, 2027 [4]. Group 2: Use of Proceeds - The proceeds from the private placement will be allocated for exploration of the JD, Theory, and Buck properties, as well as for general working capital [3]. Group 3: Regulatory and Compliance - The private placement is subject to final approval from the TSX Venture Exchange, and the securities issued will have a hold period expiring on April 24, 2025 [5]. - The company has also granted 9,000,000 stock options to employees, directors, and advisors, with an exercise price of $0.15 per share until December 23, 2030, pending TSXV approval [7]. Group 4: Company Overview - Sun Summit Minerals is focused on mineral exploration, particularly in gold and copper assets in British Columbia, with projects including JD, Theory, and Buck [8].

Core Viewpoint - GoldQuest Mining Corp. has successfully closed the first tranche of its non-brokered private placement, raising approximately C$30 million to support its development activities and exploration efforts [1][3][5]. Private Placement Details - The private placement was increased to a maximum of 34,710,743 units at a price of C$1.21 per unit, aiming for total gross proceeds of up to approximately C$42 million [2]. - Under the first tranche, the company issued a total of 24,793,388 units, raising gross proceeds of C$29,999,999.48 [3]. - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant exercisable at C$1.80 for a period of 24 months [3]. Financial Arrangements - A cash finder's fee of approximately C$1,499,999.97 was paid to Milenio Partners, S.A. in connection with the first tranche [4]. - The private placement is subject to final acceptance by the TSX Venture Exchange, and all issued shares and warrants are subject to a four-month statutory hold period [4]. Use of Proceeds - The proceeds from the private placement are expected to be utilized for early development activities at the Romero project, expansion of greenfield exploration drilling, and general corporate purposes [5]. Insider Participation - Insiders of the company are expected to acquire 150,000 units under the second tranche of the private placement, which is considered a related party transaction [6].

Core Insights - GoldQuest Mining Corp. has qualified to trade on the OTCQX Best Market, upgrading from the Pink Limited Market, which is expected to enhance visibility and access for U.S. investors [1][4]. 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 significant participation from Dominican investors [4][5]. - The company is well-funded to carry out exploration programs and advance the development of its Romero gold/copper discovery located in the Tireo Formation of the Dominican Republic [5]. Market Context - The OTCQX Market provides a platform for companies to offer transparent trading for U.S. investors, requiring adherence to high financial standards and best practice corporate governance [3]. - OTC Markets Group Inc. operates regulated markets for trading 12,000 U.S. and international securities, facilitating efficient access to the U.S. financial markets [6].

Core Insights - GoldQuest Mining Corp. has qualified to trade on the OTCQX Best Market, upgrading from the Pink Limited Market, which is expected to enhance visibility and access for U.S. investors [1][4]. Company Overview - GoldQuest Mining Corp. is a Canadian exploration and development company focused on advancing its gold and copper assets in the Dominican Republic [1][4]. - The company has strong participation from Dominican investors and a management team with experience in developing operational mines in the country [4]. Trading and Market Information - GoldQuest Mining Corp. begins trading on OTCQX under the symbol "GDQMF," with financial disclosures and real-time quotes available on the OTC Markets website [2]. - The upgrade to OTCQX signifies adherence to high financial standards and best practice corporate governance, allowing the company to utilize its home market reporting for U.S. investors [3]. Strategic Goals - The CEO of GoldQuest, Luis Santana, stated that joining the OTCQX platform supports the company's goal of attracting a broader pool of institutional and retail capital as they advance the Romero project to a feasibility study [4]. - The company is well-funded to carry out exploration programs and develop its Romero gold/copper discovery located in the Tireo Formation of the Dominican Republic [5].