Q-GOLD Announces Shareholder Meeting Results & Non-Brokered Private Placement
Q-GOLD RESOURCES LTD.
c/o Mineral Creek Resources Inc.
809 W. Riordan Road, Suite 100-391
Flagstaff, Arizona 86001
Ph: (928) 779-0166/ Fax: 268-3445
www.QGoldResources.com
Q-GOLD ANNOUNCES SHAREHOLDER MEETING RESULTS & NON-BROKERED
PRIVATE PLACEMENT
Vancouver, British Columbia, October 27, 2017 – Q-Gold Resources Ltd. (the "Company") (TSX
VENTURE: QGR) (http://www.qgoldresources.com) is pleased to announce that the Shareholders at the
Company’s Annual and Special Meeting on August 1, 2017, approved the re -election of Directors
Robert Bryce, Randy Bell and J. Bruce Carruthers II, and authorized Management, at its discretion, to
consolidate the Company’s common sha res at a rate of up to four existing shares for one new share.
The Shareholders also approved the Company’s Stock Option Plan and the re -pricing of the Company’s
existing 2,250,000 stock options to $0.05 each.
The Company also announce that it intends to complete a non-brokered private placement for gross
proceeds of up to $500,000 (the "Offering"), consisting of 10,000,000 Units (each a “Unit”) at a price of
$0.05 per Unit. Each Unit will consist of one common share and one common share purchase warrant
(the "Warrant"), entitling the holder to acquire one additional common share at an exercise price of
$0.075 for a period of 24 months from issuance.
All securities issued in connection with the Offering will be subject to a four month restriction from
resale as stipulated under applicable securities legislation and the Exchange.
A finder's fee may be payable in relation to the proposed private place ment in line with the policies of
the Exchange.
The Offering is subject to Exchange approval.
Proceeds from the Offering will be used by Q -Gold for continued exploration in the Company’s historic
(19th Century) gold and silver camp at Crown King, Arizona, and for general corporate purposes.
About Q-Gold Resources Ltd.
Q-Gold is a publicly traded Canadian -based mineral exploration company currently exploring for
precious and base metals on its Ontario and Arizona prospects.
Contact Information:
J. Bruce Carruthers II, Chairman at [email protected],
Website: http://www.qgoldresources.com
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Forward-looking statements:
Certain statements in this release are forward -looking statements, including with respect to the proposed acquisition of the Target
Companies, and with respect to the legal/medical marijuana market in the United States. Forward -looking statements consist of
statements that are not p urely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the
future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ
materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward -looking
statements will occur or, if they do occur, what benefits the Company will obtain from them. In particular, the company caut ions that the
completion of the proposed acquisitions cannot be predicted with certainty, and that there can be no assurance at this time t hat the
proposed acquisitions will be completed in the manner noted above or at all. These forward -looking statements reflect management's
current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of r isks and
uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, as well
as other factors beyond the Company's control. In addition, the projected information regarding the legal marijuana market i n the United
States has not been independently verified by the Company, and the Company does not re present nor warrant that the actual results
achieved during the projected period will be the same in whole or in part as that projected.
The forward-looking statements made by the Company are made as of the date of this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.