Q-GOLD Updates 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) 600-4977/ Fax: 268-3445
www.QGoldResources.com
Q-GOLD UPDATES NON-BROKERED PRIVATE PLACEMENT
Vancouver, British Columbia , December 11 , 2017 – Q-Gold Resources Ltd. (the "Company") (TSX
VENTURE: QGR) (http://www.qgoldresources.com) is pleased to announce that , further to a press
release dated October 27, 2017, it now intends to complete a non-brokered private placement for gross
proceeds of up to $600,000 (the "Offering"), consisting of 12,000,000 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 placement 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 private placement financing .
Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans,
expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause act ual 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 cautions that the completion of the proposed financing cannot be predicted with certainty, and that there can be no assurance
at this time that the proposed financing 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 risks and uncertainties could caus e 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.
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 Ven ture Exchange)
accepts responsibility for the adequacy or accuracy of this release.