Quadro Receives Conditional Approval FOR Nex Reactivation and Conditional Approval to Acquire Staghorn and Rose Properties
1500 – 1040 West Georgia Street Vancouver, B.C. V6E 4H1 Tel (604) 683 -3331 Fax (604) 685 -8677
QUADRO RECEIVES CONDITIONAL APPROVAL FOR NEX
REACTIVATION AND CONDITIONAL APPROVAL TO ACQUIRE
STAGHORN AND ROSE PROPERTIES
Aug 21, 2017
Quadro Resources Ltd. (“Quadro” or “the Company”) (NEX: QRO.H) is pleased to announce the
conditional acceptance of its reactivation from the NEX board to the TSX Venture Exchange (the
“Reactivation”) and the conditional acceptance of the option to acquire a 100% interest in the interest
of Benton Resources Inc. (“Benton”) and Metals Creek Resources Corp. (“Metals Creek”) in the
Staghorn property, located in Newfoundland and an assignment of Benton’s and Metal Creek’s rights
to acquire the newly optioned Rose Gold property (the “Option”) pursuant to the terms of the option
agreement Quadro has with Benton and Metals Creek (the “Quadro Option Agreement”). The Rose
Gold property is contiguous with the northern border of the Staghorn property, and is further described
in the Company’s press release of April 12, 2017.
Final acceptance of the Reactivation is subject to Quadro: obtaining final acceptance of the Option;
settling approximately $225,000 in debt by the issuance of shares at $0.10 per share; and completing
a financing of up to $2 million.
Under the terms of the Quadro Option Agreement Quadro is required to: complete a 2:1 share
consolidation (completed); settle approximately $225,000 of debt by the issuance of $0.10 shares
(acceptance pending); issue 4,000,000 common shares (post-consolidation) to each of Metals Creek
and Benton (pending) and complete a financing of up to $2 million (pending) . Quadro must also
assume all the obligations under the Rose Gold property option, for which the optionor of the Rose
Gold property has agreed to accept common shares of Quadro in lieu of the 225,000 common shares
of Metals Creek and 225,000 common shares of Benton (450,000 shares combined) originally
negotiated. The Quadro Option Agreement also provides for a royalty to be granted in favor of Metals
Creek and Benton (the “Metals Creek/Benton Royalty”), as well as existing royalties held by Ed
Northcott and Gilbert Lushman (the “Northcott/Lushman Royalty”), and by Shawn Rose (the “Rose
Royalty”), all as outlined below.
The Staghorn project has multiple gold showings along the Cape Ray Fault approximately 30km SW
along strike of Marathons Gold's Newfoundland deposits (TSX.MOZ). The Staghorn project known
zones include the Woods lake zone, drilling of 6.18 grams per ton (gpt) gold (Au) over 5.11 meters
(m),(see MEK news release 02 Dec 2009), Ryan's Hammer, 27.80gpt Au in grabs, ( see MEK/BEX
news release 05 September 2015), Glimmer, 196.7gpt Au in grabs,( see MEK news release 11 May
2010), Rich House,visible gold - 189gpt Au in grabs ( see MEK/BEX news release 01 September
2015) and the new Rose discovery of up to 18.86 gpt Au in the Rose Zone (see MEK/BEX news
release 12 April 2017). The funds raised will be used to advance the project immediately and for
general working capital.
1500 – 1040 West Georgia Street Vancouver, B.C. V6E 4H1 Tel (604) 683 -3331 Fax (604) 685 -8677
• The Metals Creek/Benton Royalty represents a 3km area of interest that is subject to a 3%
NSR in favour of Metals Creek/Benton, 2% of which can be purchased at any time for $2
million;
• The Northcott/Lushman Royalty represents a 3km area of interest that is subject to: (i) a 2%
NSR in favour of Ed Northcott and Gilbert Lushman, 1% of which can be purchased at any
time for $1 million; and (ii) a 1% NSR in favour of Metals Creek/Benton.
Wayne Reid, P.Geo, a qualified person as defined in National Instrument 43-101, is responsible for
this release, and supervised the preparation of the information forming the basis for this release.
ON BEHALF OF THE BOARD OF DIRECTORS
T. Barry Coughlan, CEO
"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-
1500 – 1040 West Georgia Street Vancouver, B.C. V6E 4H1 Tel (604) 683 -3331 Fax (604) 685 -8677
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.