Q-Gold Closes $11,500,000 Fully Allocated Private Placement Financing, Including Agent’s 15% Over-Allotment Option

TORONTO, Oct. 03, 2025 (GLOBE NEWSWIRE) -- Q-Gold Resources Ltd. (TSXV: QGR) (“Q-Gold” or the “Company”) is pleased to announce that it has closed its previously announced private placement offering of subscription receipts (each, a “Subscription Receipt”). Pursuant to an agency agreement dated October 3, 2025 (the "Agency Agreement") between the Company and BMO Capital Markets, as agent (the "Agent"), the Company issued a total 76,666,667 Subscription Receipts at a price of $0.15 per Subscription Receipt for aggregate gross proceeds to the Company of $11,500,000 (the “Offering”), which included the exercise in full by the Agent of its over-allotment option granted pursuant to the Agency Agreement.

Read more at globenewswire.com