Quadro Closes Private Placement
1400 – 1040 West Georgia Street Vancouver, B.C. V6E 4H1 Tel (604) 644-9561
QUADRO CLOSES PRIVATE PLACEMENT
Vancouver, B.C., Dec. 31, 2021. Quadro Resources Ltd. (“Quadro” or the “Company”)
(TSXV: QRO, OTCQB: QDROF, FRA: G4O2) is pleased to announce that it has closed a
private placement financing of Hard Dollar Units and Flow-Through Units, for total gross proceeds
of $456,200.
The Company closed on 3,660,000 Units for gross proceeds of $183,000 (the “Units”), each Unit
priced at $0.05 and consisting of 1 common share of the Company and 1 common share purchase
warrant (the “Unit Warrants”), each Unit Warrant being exercisable for an additional common
share of the Company at $0.10 for 24 months from closing.
The Company also closed on 4,553,333 flow-through units for gross proceeds of $273,200 (the
“FT Units”), each FT Unit priced at $0.06 and consisting of 1 flow-through share and 1 common
share purchase warrant (the “FT Unit Warrants”), each full FT Unit Warrant being exercisable at
$0.12 for a common share of the Company for 24 months.
In accordance with the policies of the TSX Venture Exchange, cash finders’ fees totaling $18,860
will be paid.
All securities issued pursuant to this financing are subject to a 4 month-plus-one-day hold, expiring
May 1, 2022.
Proceeds from the financing will be used to explore and develop the Company’s Staghorn, Long
Lake, Tulks South, and Careless Cove properties and for working capital purposes. (See the news
release dated November 18, 2021).
About Quadro Resources – Quadro is a publicly traded mineral exploration company. It is led
by an experienced and successful management team and is focused on exploring for gold in North
America. The Company’s shares trade on the TSX Venture Exchange under the symbol “QRO”.
Quadro owns a 100% interest in the Staghorn property, has an option to earn a 100% interest in
the Long Lake and Careless Cove properties, and has an option to earn an initial 51% interest in
the Tulks South Property, in Newfoundland.
On behalf of the board of directors,
Quadro Resources Ltd.
“T. Barry Coughlan”
President and CEO
1400 – 1040 West Georgia Street Vancouver, B.C. V6E 4H1 Tel (604) 644-9561
Tel (604) 644-9561
"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." The information contained herein contains "forward-looking statements" within
the meaning of applicable securities legislation. Forward-looking statements relate to information
that is based on assumptions of management, forecasts of future results, and estimates of amounts
not yet determinable. Any statements that express predictions, expectations, beliefs, plans,
projections, objectives, assumptions or future events or performance are not statements of
historical fact and may be "forward-looking statements." Forward-looking statements are subject
to a variety of risks and uncertainties that could cause actual events or results to differ from those
reflected in the forward-looking statements. Investors are cautioned against attributing undue
certainty to forward-looking statements. These forward-looking statements are made as of the date
hereof and the Company does not assume any obligation to update or revise them to reflect new
events or circumstances. Actual events or results could differ materially from the Company's
expectations or projections.” For more information on the Company, interested parties should
review the Company's filings that are available at www.sedar.com.