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Q-Gold Closes Flow-Through Financing

Provided By Globe Newswire

Last update: Dec 31, 2021

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
(All figures in Canadian dollars unless otherwise stated)

TORONTO, Dec. 31, 2021 (GLOBE NEWSWIRE) -- Q-Gold Resources Ltd (TSXV: QGR, OTC: QGLDF, FRA: QX9G) (“Q-Gold” or the “Company”) is pleased to announce that it has closed its previously announced $1,000,000 non-brokered flow-through financing (the “Offering”). Closing of the Offering is subject to final approval of the TSX Venture Exchange. The proceeds of the Closing will be used to fund exploration activities at its wholly-owned Foley Gold Mine complex, near the town of Mine Centre, Ontario.

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